313 E 6th StMilanMO63556
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Ziffy AI Summary
A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
- Attractive rent-to-price ratio for income stability
- Good fit for DSCR financing with healthy coverage
Investment Highlights
Rental property for sale in Milan at 313 E 6th St, Milan, MO, 63556 priced at $112,000 converts $1,016/mo rent into $319/mo cash flow after a $548/mo obligation. Total monthly income equals $1,016/mo, and annual cash flow totals $3,824/yr on $37,128 invested. Return on cash invested prints 30.21% in year one, and rental yield reads 10.89% against a $112,000 entry. Equity gained on principal adds $723/yr, while 5% annual appreciation compiles into $30,944 by year five. Five-year ROI reaches 158.15% and total cumulative return in cash sums $58,719. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,016/mo property income covering a $548/mo payment, not borrower’s personal income.
Single Family
Built in 1979
6,969 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 63556, Milan, MO area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,621 (100%) |
| Owner Occupied HU | 896 (55.3%) |
| Renter Occupied HU | 470 (29.0%) |
| Vacant Housing Units | 255 (15.7%) |
| Median Home Value | $120,098 |
| Average Home Value | $170,840 |
Housing Distribution
Address Breakdown
Residential
1,426
Single Family
1,409
Multi-Family
17
Businesses
140
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