406 Meyer AveSaint LouisMO63122
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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 Saint Louis at 406 Meyer Ave, Saint Louis, MO, 63122 generates $4,507/mo in rent and, after a $3,401/mo payment, leaves $179/mo in cash flow. Total monthly income is $4,507/mo, and annual cash flow is $2,154/yr on $228,622 invested. Return on cash invested sits at 21% in year one, and rental yield is 7.78% on a $694,900 entry. Equity gained on principal adds $4,484/yr, while 5% annual appreciation builds toward $191,988 over five years. Five-year ROI reaches 108.73% and total cumulative return in cash sums $248,578. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $4,507/mo property income rather than buyer’s personal income.
Single Family
Built in 1985
0.37 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 63122, Saint Louis, MO area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 17,623 (100%) |
| Owner Occupied HU | 13,487 (76.5%) |
| Renter Occupied HU | 3,144 (17.8%) |
| Vacant Housing Units | 992 ( 5.6%) |
| Median Home Value | $513,877 |
| Average Home Value | $581,121 |
Housing Distribution
Address Breakdown
Residential
17,372
Single Family
14,892
Multi-Family
2,480
Businesses
1,404
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Listed by: David L Haley • Nettwork Global
Mls Name: MARIS
Mls ID: #26000405