450 E Lockwood Ave APT 303Saint LouisMO63119
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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 Saint Louis at 450 E Lockwood Ave APT 303, Saint Louis, MO, 63119 generates $2,434/mo in rent, after a $1,953/mo payment. Total monthly income is $2,434/mo. Return on cash invested sits at 19.45% in year one, and rental yield is 7.32% on a $399,000 entry. Equity gained on principal adds $2,575/yr, while 5% annual appreciation builds toward $110,236 over five years. Five-year ROI reaches 100.4% and total cumulative return in cash sums $132,794. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,434/mo property income rather than buyer’s personal income.
Condo
Built in 1986
1,555 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 63119, Saint Louis, MO area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 15,458 (100%) |
| Owner Occupied HU | 11,084 (71.7%) |
| Renter Occupied HU | 3,452 (22.3%) |
| Vacant Housing Units | 922 ( 6.0%) |
| Median Home Value | $376,319 |
| Average Home Value | $439,587 |
Housing Distribution
Address Breakdown
Residential
14,893
Single Family
12,751
Multi-Family
2,142
Businesses
1,289
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Listed by: Kathy Bussmann • Coldwell Banker Realty - Gundaker
Mls Name: MARIS
Mls ID: #26002771