4304 S Milton DrIndependenceMO64055
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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
Investment property for sale in Independence at 4304 S Milton Dr, Independence, MO, 64055 offers a 6.79% rental yield on a $242,000 purchase with $1,370/mo rent. 86% in year one. Equity gained on principal adds $1,562/yr while 5% annual appreciation supports $66,860 over five years. Portfolio math shows five-year ROI at 91.97% and total cumulative return in cash at $73,782. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,370/mo property income against a $1,184/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 1993
2,248 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 64055, Independence, MO area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 17,181 (100%) |
| Owner Occupied HU | 10,769 (62.7%) |
| Renter Occupied HU | 5,295 (30.8%) |
| Vacant Housing Units | 1,117 ( 6.5%) |
| Median Home Value | $206,236 |
| Average Home Value | $233,102 |
Housing Distribution
Address Breakdown
Residential
16,269
Single Family
14,161
Multi-Family
2,108
Businesses
1,378
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Listed by: Keith McClain • ERA McClain Brothers
Mls Name: Heartland MLS as distributed by MLS GRID
Mls ID: #2582770