344 Clark RdExcelsior SpringsMO64024
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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 Excelsior Springs at 344 Clark Rd, Excelsior Springs, MO, 64024 uses $46,410 cash to close to unlock $2,668/yr annual cash flow and $222/mo monthly cash flow. Total monthly income runs $1,094/mo, and a $685/mo payment keeps the spread at $222/mo. Purchase price stands at $140,000, and rental yield measures 9.38% with $1,094/mo rent. Return on cash invested shows 25.66% in year one, and 5% annual appreciation builds toward $38,679 over five years. Five-year ROI reaches 133.78% and total cumulative return in cash records $62,086. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,094/mo property income covering a $685/mo payment rather than investor’s personal income.
Single Family
Built in 1940
1.08 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 64024, Excelsior Springs, MO area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,970 (100%) |
| Owner Occupied HU | 4,802 (68.9%) |
| Renter Occupied HU | 1,710 (24.5%) |
| Vacant Housing Units | 458 ( 6.6%) |
| Median Home Value | $248,953 |
| Average Home Value | $305,115 |
Housing Distribution
Address Breakdown
Residential
6,531
Single Family
6,013
Multi-Family
518
Businesses
432
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Listed by: SimmonsSales Team • RE/MAX Area Real Estate
Mls Name: Heartland MLS as distributed by MLS GRID
Mls ID: #2567164