506 S Grand AveSalisburyMO65281
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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 Salisbury at 506 S Grand Ave, Salisbury, MO, 65281 priced at $149,900 converts $1,142/mo rent into $208/mo cash flow after a $734/mo obligation. Total monthly income equals $1,142/mo, and annual cash flow totals $2,498/yr on $49,692 invested. Return on cash invested prints 24.94% in year one, and rental yield reads 9.14% against a $149,900 entry. Equity gained on principal adds $967/yr, while 5% annual appreciation compiles into $41,415 by year five. Five-year ROI reaches 129.92% and total cumulative return in cash sums $64,559. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,142/mo property income covering a $734/mo payment, not borrower’s personal income.
Single Family
Built in 1920
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 65281, Salisbury, MO area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,392 (100%) |
| Owner Occupied HU | 986 (70.8%) |
| Renter Occupied HU | 194 (13.9%) |
| Vacant Housing Units | 212 (15.2%) |
| Median Home Value | $169,403 |
| Average Home Value | $206,833 |
Housing Distribution
Address Breakdown
Residential
1,227
Single Family
1,227
Multi-Family
0
Businesses
140
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