602 Truman StLamarMO64759
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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 Lamar at 602 Truman St, Lamar, MO, 64759 priced at $130,000 converts $1,110/mo rent into $301/mo cash flow after a $636/mo obligation. Total monthly income equals $1,110/mo, and annual cash flow totals $3,608/yr on $43,095 invested. Return on cash invested prints 28.28% in year one, and rental yield reads 10.25% against a $130,000 entry. Equity gained on principal adds $839/yr, while 5% annual appreciation compiles into $35,917 by year five. Five-year ROI reaches 147.84% and total cumulative return in cash sums $63,711. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,110/mo property income covering a $636/mo payment, not borrower’s personal income.
Single Family
Built in 1953
0.31 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 64759, Lamar, MO area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,656 (100%) |
| Owner Occupied HU | 2,255 (61.7%) |
| Renter Occupied HU | 989 (27.1%) |
| Vacant Housing Units | 412 (11.3%) |
| Median Home Value | $166,039 |
| Average Home Value | $215,669 |
Housing Distribution
Address Breakdown
Residential
3,303
Single Family
3,303
Multi-Family
0
Businesses
337
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