503 Hickory StRichmondMO64085
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 503 Hickory St, Richmond, MO, 64085 priced at $124,500 converts $941/mo rent into $166/mo cash flow after a $609/mo obligation. Total monthly income equals $941/mo, and annual cash flow totals $1,992/yr on $41,272 invested. Return on cash invested prints 24.74% in year one, and rental yield reads 9.07% against a $124,500 entry. Equity gained on principal adds $803/yr, while 5% annual appreciation compiles into $34,397 by year five. Five-year ROI reaches 128.76% and total cumulative return in cash sums $53,140. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $941/mo property income covering a $609/mo payment, not borrower’s personal income.
Single Family
Built in N/A
7,668 sqft 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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Nearby investment properties with comparable prices
Listed by: Eric Pierson • Pierson Realty
Mls Name: HKMMLS as distributed by MLS GRID
Mls Provider:
Mls ID: #2555981
Disclaimer: Based on information submitted to the MLS GRID as of 2025-06-26 10:33:12 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