400 Ottman StRichmondMO64085
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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
Rental property for sale in Richmond at 400 Ottman St, Richmond, MO, 64085 generates $1,666/mo in rent and, after a $910/mo payment, leaves $508/mo in cash flow. Total monthly income is $1,666/mo, and annual cash flow is $6,096/yr on $61,659 invested. Return on cash invested sits at 29.8% in year one, and rental yield is 10.75% on a $186,000 entry. Equity gained on principal adds $1,200/yr, while 5% annual appreciation builds toward $51,388 over five years. Five-year ROI reaches 155.9% and total cumulative return in cash sums $96,124. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,666/mo property income rather than buyer’s personal income.
Single Family
Built in 1963
0.28 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 64085, Richmond, MO area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,973 (100%) |
| Owner Occupied HU | 2,438 (61.4%) |
| Renter Occupied HU | 1,208 (30.4%) |
| Vacant Housing Units | 327 ( 8.2%) |
| Median Home Value | $201,525 |
| Average Home Value | $218,227 |
Housing Distribution
Address Breakdown
Residential
3,821
Single Family
3,757
Multi-Family
64
Businesses
330
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Nearby investment properties with comparable prices
Listed by: Chastidy Loftin • Community Realty
Mls Name: HKMMLS as distributed by MLS GRID
Mls Provider:
Mls ID: #2494478
Disclaimer: Based on information submitted to the MLS GRID as of 2024-01-26 09:44:00 PST. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website. Prices displayed on all Sold listings are the Last Known Listing Price and may not be the actual selling price. [Click here for more information](/info/mls-disclaimers/#mls_45) Listing Information presented by local MLS brokerage: Zillow, Inc., local REALTOR- Terry York - (913) 213-6604