320 N Cedar AveIndependenceMO64053
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 Independence at 320 N Cedar Ave, Independence, MO, 64053 priced at $169,999 converts $1,620/mo rent into $561/mo cash flow after a $832/mo obligation. Total monthly income equals $1,620/mo, and annual cash flow totals $6,736/yr on $56,355 invested. Return on cash invested prints 31.86% in year one, and rental yield reads 11.44% against a $169,999 entry. Equity gained on principal adds $1,097/yr, while 5% annual appreciation compiles into $46,968 by year five. Five-year ROI reaches 167.04% and total cumulative return in cash sums $94,137. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,620/mo property income covering a $832/mo payment, not borrower’s personal income.
Single Family
Built in 1922
0.37 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 64053, Independence, MO area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,644 (100%) |
| Owner Occupied HU | 1,235 (46.7%) |
| Renter Occupied HU | 1,076 (40.7%) |
| Vacant Housing Units | 333 (12.6%) |
| Median Home Value | $87,337 |
| Average Home Value | $136,152 |
Housing Distribution
Address Breakdown
Residential
2,424
Single Family
2,362
Multi-Family
62
Businesses
76
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Blythe Roberts • Advance Realty Group LLC
Mls Name: Heartland MLS as distributed by MLS GRID
Mls ID: #2559284