513 N College StRichmondMO64085
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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 Richmond at 513 N College St, Richmond, MO, 64085 priced at $175,000 converts $1,140/mo rent into $50/mo cash flow after a $857/mo obligation. Total monthly income equals $1,140/mo, and annual cash flow totals $596/yr on $58,013 invested. Return on cash invested prints 20.94% in year one, and rental yield reads 7.82% against a $175,000 entry. Equity gained on principal adds $1,129/yr, while 5% annual appreciation compiles into $48,349 by year five. Five-year ROI reaches 108.42% and total cumulative return in cash sums $62,899. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,140/mo property income covering a $857/mo payment, not borrower’s personal income.
Single Family
Built in 1952
5,924 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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