3454 State Highway 38ElklandMO65644
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
Investment property for sale in Elkland at 3454 State Highway 38, Elkland, MO, 65644 offers a 8% rental yield on a $225,000 purchase with $1,500/mo rent. Total monthly income registers $1,500/mo, and a $1,101/mo payment leaves $99/mo available for distribution. Annual cash flow reaches $1,188/yr on $74,588 to close, and return on cash invested stands at 21.5% in year one. Equity gained on principal adds $1,452/yr while 5% annual appreciation supports $62,163 over five years. Portfolio math shows five-year ROI at 111.41% and total cumulative return in cash at $83,097. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,500/mo property income against a $1,101/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1992
0.74 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 65644, Elkland, MO area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,112 (100%) |
| Owner Occupied HU | 863 (77.6%) |
| Renter Occupied HU | 140 (12.6%) |
| Vacant Housing Units | 109 ( 9.8%) |
| Median Home Value | $271,916 |
| Average Home Value | $267,054 |
Housing Distribution
Address Breakdown
Residential
1,150
Single Family
1,150
Multi-Family
0
Businesses
16
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Connie Walker • Complete Realty Sales & Mgmt
Mls Name: SOMOMLS
Mls Provider:
Mls ID: #60292800
Disclaimer: The data relating to real estate for sale on this web page comes in part from the Internet Data Exchange (IDX) of the Southern Missouri Regional MLS, LLC. Real estate listings held by Brokerage firms other than Zillow, Inc. are marked with the IDX logo and detailed information about them includes the name of the listing Brokers. The information being provided is for consumers' personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The information being provided is not guaranteed, and all information should be verified by the consumer. Any representation that a web site contains all listings shall only mean that the website contains all listing available to the public through the IDX data feed. There may be other properties offered through a REALTOR that have not been displayed on this site. 2025 Southern Missouri Regional MLS, LLC. All rights reserved. [Click here for more information](/mls-disclaimers/#896)