514 Nirk Ave APT BSaint LouisMO63122
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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 Saint Louis at 514 Nirk Ave APT B, Saint Louis, MO, 63122 uses $57,979 cash to close to unlock $2,638/yr annual cash flow and $220/mo monthly cash flow. Total monthly income runs $1,704/mo, and a $856/mo payment keeps the spread at $220/mo. Purchase price stands at $174,900, and rental yield measures 11.69% with $1,704/mo rent. Return on cash invested shows 24.46% in year one, and 5% annual appreciation builds toward $48,322 over five years. Five-year ROI reaches 130.25% and total cumulative return in cash records $75,516. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,704/mo property income covering a $856/mo payment rather than investor’s personal income.
Condo
Built in 1974
1,981 sqft lot
$N/A/sqft
$395 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 63122, Saint Louis, MO area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 17,623 (100%) |
| Owner Occupied HU | 13,487 (76.5%) |
| Renter Occupied HU | 3,144 (17.8%) |
| Vacant Housing Units | 992 ( 5.6%) |
| Median Home Value | $513,877 |
| Average Home Value | $581,121 |
Housing Distribution
Address Breakdown
Residential
17,372
Single Family
14,892
Multi-Family
2,480
Businesses
1,404
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Listed by: Allen Brake • Allen Brake Real Estate
Mls Name: MARIS
Mls Provider:
Mls ID: #25030665
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