514 S Patterson AveJoplinMO64801
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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 Joplin at 514 S Patterson Ave, Joplin, MO, 64801 with 5% annual appreciation on a $125,700 basis while $1,129/mo rent supports operations. Total monthly income totals $1,129/mo and a $615/mo payment preserves $346/mo for cash returns. Annual cash flow comes to $4,157/yr on $41,670 deployed, and return on cash invested reaches 29.88% in year one. Equity gained on principal adds $811/yr, and five-year appreciation sums $34,729 alongside rental yield of 10.78%. Five-year ROI measures 156.48% and total cumulative return in cash totals $65,205.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,129/mo property income versus a $615/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1920
6,098 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 64801, Joplin, MO area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 17,109 (100%) |
| Owner Occupied HU | 8,513 (49.8%) |
| Renter Occupied HU | 6,875 (40.2%) |
| Vacant Housing Units | 1,721 (10.1%) |
| Median Home Value | $200,081 |
| Average Home Value | $236,329 |
Housing Distribution
Address Breakdown
Residential
15,579
Single Family
14,670
Multi-Family
909
Businesses
1,693
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