602 S Highland 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
Rental property for sale in Joplin at 602 S Highland Ave, Joplin, MO, 64801 priced at $149,900 pairs $1,302/mo rent with $368/mo cash flow after a $734/mo payment. Total monthly income equals $1,302/mo, and annual cash flow comes to $4,418/yr on $49,692 invested. Return on cash invested is 28.8% in year one, and rental yield stands at 10.42% on a $149,900 basis. Equity gained on principal adds $967/yr, and 5% annual appreciation accumulates to $41,415 by year five. Five-year ROI measures 150.69% and total cumulative return in cash reaches $74,879. For financing, Ziffy Mortgage’s DSCR program evaluates $1,302/mo property income against a $734/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1940
6,250 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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Listed by: Carlin Team • KELLER WILLIAMS REALTY ELEVATE
Mls Name: Ozark Gateway AOR
Mls Provider:
Mls ID: #252770
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.