407 W Summit StAuroraMO65605
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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 Aurora at 407 W Summit St, Aurora, MO, 65605 offers $1,110/mo rent that, after a $996/mo payment. Total monthly income is $1,110/mo. Return on cash invested measures 17.11% in year one, and rental yield stands at 6.55% at a $203,400 entry. Equity gained on principal adds $1,313/yr while 5% annual appreciation compounds into $56,196 by year five. Five-year ROI records 87.91% and total cumulative return in cash reaches $59,275. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,110/mo property income versus a $996/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 2008
10,149 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 65605, Aurora, MO area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,557 (100%) |
| Owner Occupied HU | 3,473 (62.5%) |
| Renter Occupied HU | 1,443 (26.0%) |
| Vacant Housing Units | 641 (11.5%) |
| Median Home Value | $161,619 |
| Average Home Value | $188,721 |
Housing Distribution
Address Breakdown
Residential
5,064
Single Family
5,027
Multi-Family
37
Businesses
389
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