4311 S Megan Ct APT 2IndependenceMO64055
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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 4311 S Megan Ct APT 2, Independence, MO, 64055 earns from $1,370/mo rent with a $854/mo payment. Total monthly income totals $1,370/mo. ROI tracks 18.96% on current figures, and rental yield reads 9.42% at a $174,500 purchase. Equity gained on principal adds $1,126/yr, and 5% annual appreciation supports $48,211 over five years. Five-year ROI reaches 100.35% and total cumulative return in cash sums $58,050. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,370/mo property income instead of your personal income.
Condo
Built in 1991
1,401 sqft lot
$N/A/sqft
$329 monthly 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: Cassidy Wheeler • ReeceNichols - Leawood
Mls Name: HKMMLS as distributed by MLS GRID
Mls Provider:
Mls ID: #2533436
Disclaimer: Based on information submitted to the MLS GRID as of 2025-03-27 10:13:03 PDT. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website. Prices displayed on all Sold listings are the Last Known Listing Price and may not be the actual selling price. [Click here for more information](/mls-disclaimers/#45) Listing Information presented by local MLS brokerage: Zillow, Inc., local REALTOR- Terry York - (913) 213-6604