513 N Powahatan DrIndependenceMO64056
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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 Independence at 513 N Powahatan Dr, Independence, MO, 64056 offers $1,190/mo rent that, after a $734/mo payment, leaves $256/mo cash flow. Total monthly income is $1,190/mo, and annual cash flow is $3,072/yr on $49,725 cash. Return on cash invested measures 26.09% in year one, and rental yield stands at 9.52% at a $150,000 entry. Equity gained on principal adds $968/yr while 5% annual appreciation compounds into $41,442 by year five. Five-year ROI records 136.02% and total cumulative return in cash reaches $67,638. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,190/mo property income versus a $734/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1969
9,224 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 64056, Independence, MO area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,632 (100%) |
| Owner Occupied HU | 4,252 (64.1%) |
| Renter Occupied HU | 2,000 (30.2%) |
| Vacant Housing Units | 380 ( 5.7%) |
| Median Home Value | $216,725 |
| Average Home Value | $233,841 |
Housing Distribution
Address Breakdown
Residential
6,647
Single Family
6,250
Multi-Family
397
Businesses
204
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Listed by: James Montalvo • KW Diamond Partners
Mls Name: HKMMLS as distributed by MLS GRID
Mls ID: #2561512