40991 E 188th 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 40991 E 188th St, Richmond, MO, 64085 generates $1,914/mo in rent and, after a $990/mo payment, leaves $654/mo in cash flow. Total monthly income is $1,914/mo, and annual cash flow is $7,853/yr on $67,029 invested. Return on cash invested sits at 31.62% in year one, and rental yield is 11.36% on a $202,200 entry. Equity gained on principal adds $1,305/yr, while 5% annual appreciation builds toward $55,864 over five years. Five-year ROI reaches 165.75% and total cumulative return in cash sums $111,099. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,914/mo property income rather than buyer’s personal income.
Single Family
Built in 2002
5.29 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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