415 Lake StSikestonMO63801
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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 Sikeston at 415 Lake St, Sikeston, MO, 63801 offers $692/mo rent that, after a $680/mo payment. Total monthly income is $692/mo. Return on cash invested measures 15.4% in year one, and rental yield stands at 5.98% at a $138,900 entry. Equity gained on principal adds $896/yr while 5% annual appreciation compounds into $38,376 by year five. Five-year ROI records 78.68% and total cumulative return in cash reaches $36,229. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $692/mo property income versus a $680/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Multi Family
Built in 1940
5,227 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 63801, Sikeston, MO area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,580 (100%) |
| Owner Occupied HU | 6,159 (58.2%) |
| Renter Occupied HU | 3,488 (33.0%) |
| Vacant Housing Units | 933 ( 8.8%) |
| Median Home Value | $163,549 |
| Average Home Value | $204,350 |
Housing Distribution
Address Breakdown
Residential
10,036
Single Family
9,728
Multi-Family
308
Businesses
1,229
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Listed by: Cheryl K Rushing • C. Lawrence Realty LLC
Mls Name: MARIS
Mls Provider:
Mls ID: #24055734
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