343-345 N Gilbert StIndependenceMO64056
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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 Independence at 343-345 N Gilbert St, Independence, MO, 64056 uses $82,875 cash to close to unlock $1,472/yr annual cash flow and $123/mo monthly cash flow. Total monthly income runs $1,680/mo, and a $1,224/mo payment keeps the spread at $123/mo. Purchase price stands at $250,000, and rental yield measures 8.06% with $1,680/mo rent. Return on cash invested shows 21.69% in year one, and 5% annual appreciation builds toward $69,070 over five years. Five-year ROI reaches 112.45% and total cumulative return in cash records $93,190. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,680/mo property income covering a $1,224/mo payment rather than investor’s personal income.
Multi Family
Built in 1974
0.35 Acres 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: Brian Dinkel • Platinum Realty LLC
Mls Name: Heartland MLS as distributed by MLS GRID
Mls ID: #2589919