3221 Mitchell AveSaint JosephMO64507
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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 Joseph at 3221 Mitchell Ave, Saint Joseph, MO, 64507 uses $50,686 cash to close to unlock $2,894/yr annual cash flow and $241/mo monthly cash flow. Total monthly income runs $1,193/mo, and a $748/mo payment keeps the spread at $241/mo. Purchase price stands at $152,900, and rental yield measures 9.36% with $1,193/mo rent. Return on cash invested shows 25.62% in year one, and 5% annual appreciation builds toward $42,243 over five years. Five-year ROI reaches 133.61% and total cumulative return in cash records $67,720. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,193/mo property income covering a $748/mo payment rather than investor’s personal income.
Single Family
Built in 1921
5,400 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 64507, Saint Joseph, MO area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,930 (100%) |
| Owner Occupied HU | 3,561 (60.1%) |
| Renter Occupied HU | 1,703 (28.7%) |
| Vacant Housing Units | 666 (11.2%) |
| Median Home Value | $149,130 |
| Average Home Value | $193,327 |
Housing Distribution
Address Breakdown
Residential
5,674
Single Family
5,339
Multi-Family
335
Businesses
375
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Listed by: Marty Lyle • Top Hand Property Services
Mls Name: Heartland MLS as distributed by MLS GRID
Mls ID: #2588191