3607 S Forest AveIndependenceMO64052
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 Independence at 3607 S Forest Ave, Independence, MO, 64052 offers a 9.95% rental yield on a $264,000 purchase with $2,188/mo rent. Total monthly income registers $2,188/mo, and a $1,292/mo payment leaves $507/mo available for distribution. Annual cash flow reaches $6,087/yr on $87,516 to close, and return on cash invested stands at 26.86% in year one. Equity gained on principal adds $1,704/yr while 5% annual appreciation supports $72,938 over five years. Portfolio math shows five-year ROI at 140.42% and total cumulative return in cash at $122,893. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,188/mo property income against a $1,292/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1974
0.33 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 64052, Independence, MO area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,126 (100%) |
| Owner Occupied HU | 5,630 (55.6%) |
| Renter Occupied HU | 3,452 (34.1%) |
| Vacant Housing Units | 1,044 (10.3%) |
| Median Home Value | $153,381 |
| Average Home Value | $205,882 |
Housing Distribution
Address Breakdown
Residential
9,545
Single Family
9,184
Multi-Family
361
Businesses
328
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Nearby investment properties with comparable prices
Listed by: N/A • N/A
Mls Name: ReeceNichols Real Estate
Mls Provider:
Mls ID: #2510464