318 N Cochise DrIndependenceMO64056
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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
Rental property for sale in Independence at 318 N Cochise Dr, Independence, MO, 64056 generates $1,521/mo in rent and, after a $685/mo payment, leaves $649/mo in cash flow. Total monthly income is $1,521/mo, and annual cash flow is $7,794/yr on $46,377 invested. Return on cash invested sits at 36.71% in year one, and rental yield is 13.05% on a $139,900 entry. Equity gained on principal adds $903/yr, while 5% annual appreciation builds toward $38,652 over five years. Five-year ROI reaches 193.03% and total cumulative return in cash sums $89,523. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,521/mo property income rather than buyer’s personal income.
Single Family
Built in 1955
8,276 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 64056, Independence, MO area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,632 (100%) |
| Owner Occupied HU | 4,252 (64.1%) |
| Renter Occupied HU | 2,000 (30.2%) |
| Vacant Housing Units | 380 ( 5.7%) |
| Median Home Value | $216,725 |
| Average Home Value | $233,841 |
Housing Distribution
Address Breakdown
Residential
6,647
Single Family
6,250
Multi-Family
397
Businesses
204
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Listed by: Amy Arndorfer • Premium Realty Group LLC
Mls Name: Heartland MLS as distributed by MLS GRID
Mls ID: #2589819