3142 Michigan AveSaint LouisMO63118
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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
Investment property for sale in Saint Louis at 3142 Michigan Ave, Saint Louis, MO, 63118 uses $57,350 cash to close to unlock $2,692/yr annual cash flow and $224/mo monthly cash flow. Total monthly income runs $1,302/mo, and a $847/mo payment keeps the spread at $224/mo. Purchase price stands at $173,000, and rental yield measures 9.03% with $1,302/mo rent. Return on cash invested shows 24.6% in year one, and 5% annual appreciation builds toward $47,797 over five years. Five-year ROI reaches 128.15% and total cumulative return in cash records $73,491. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,302/mo property income covering a $847/mo payment rather than investor’s personal income.
Townhouse
Built in 1910
2,604 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 63118, Saint Louis, MO area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,649 (100%) |
| Owner Occupied HU | 4,229 (31.0%) |
| Renter Occupied HU | 6,470 (47.4%) |
| Vacant Housing Units | 2,950 (21.6%) |
| Median Home Value | $247,937 |
| Average Home Value | $263,916 |
Housing Distribution
Address Breakdown
Residential
10,835
Single Family
9,434
Multi-Family
1,401
Businesses
882
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Listed by: Brandi Jo Zirkelbach • Keller Williams Realty St. Louis
Mls Name: MARIS
Mls ID: #25073538