505 Highway ESteelvilleMO65565
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeThe 8.25% yield at 505 Highway E, Steelville, MO, 65565 in Steelville is solid, but the $764/mo payment compresses net cash flow to $109/mo at $169,900. This is a tight-spread property, income covers debt, with little cushion. For investors who can optimise occupancy, the upside is real: 5% annual appreciation adds $46,940 by year five, and $1,565/yr in loan paydown builds equity. Ziffy Mortgage qualifies this via DSCR (1.53) without U.S. income documentation. Total projected return: $71,547.
| This Property | National Avg | |
|---|---|---|
| Gross Rental Yield | 8.3% | 6.2% |
| Monthly Cash Flow | $109 | $180 |
National averages based on 2024–2025 U.S. residential rental market data. Content is user-generated and unverified.
DSCR Loan Qualification
| Monthly Rental Income | $1,168 |
| Total Monthly Debt Service | $991 |
| DSCR Ratio | 1.18x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 1964
2 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 65565, Steelville, MO area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,502 (100%) |
| Owner Occupied HU | 1,437 (57.4%) |
| Renter Occupied HU | 536 (21.4%) |
| Vacant Housing Units | 529 (21.1%) |
| Median Home Value | $165,271 |
| Average Home Value | $254,713 |
Housing Distribution
Address Breakdown
Residential
1,884
Single Family
1,884
Multi-Family
0
Businesses
188
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
Single Family
Built in 1964
2 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 65565, Steelville, MO area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,502 (100%) |
| Owner Occupied HU | 1,437 (57.4%) |
| Renter Occupied HU | 536 (21.4%) |
| Vacant Housing Units | 529 (21.1%) |
| Median Home Value | $165,271 |
| Average Home Value | $254,713 |
Housing Distribution
Address Breakdown
Residential
1,884
Single Family
1,884
Multi-Family
0
Businesses
188
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Sherry L Braschler • Platinum Realty of St. Louis
Mls Name: MARIS
Mls ID: #26002370