508 Oak Ridge DrNeoshoMO64850
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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 Neosho at 508 Oak Ridge Dr, Neosho, MO, 64850 uses $72,897 cash to close to unlock $7,030/yr annual cash flow and $586/mo monthly cash flow. Total monthly income runs $1,955/mo, and a $1,076/mo payment keeps the spread at $586/mo. Purchase price stands at $219,900, and rental yield measures 10.67% with $1,955/mo rent. Return on cash invested shows 29.55% in year one, and 5% annual appreciation builds toward $60,754 over five years. Five-year ROI reaches 154.6% and total cumulative return in cash records $112,696. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,955/mo property income covering a $1,076/mo payment rather than investor’s personal income.
Single Family
Built in 1940
0.28 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 64850, Neosho, MO area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,353 (100%) |
| Owner Occupied HU | 6,757 (65.3%) |
| Renter Occupied HU | 2,739 (26.5%) |
| Vacant Housing Units | 857 ( 8.3%) |
| Median Home Value | $181,734 |
| Average Home Value | $221,241 |
Housing Distribution
Address Breakdown
Residential
10,318
Single Family
9,989
Multi-Family
329
Businesses
944
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Listed by: Willis Team, Stephanie Willis • REALTY EXECUTIVES TRI-STATES
Mls Name: Ozark Gateway AOR
Mls Provider:
Mls ID: #243399
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.