603 S Independence StHarrisonvilleMO64701
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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 Harrisonville at 603 S Independence St, Harrisonville, MO, 64701 generates $1,748/mo in rent and, after a $1,222/mo payment, leaves $193/mo in cash flow. Total monthly income is $1,748/mo, and annual cash flow is $2,317/yr on $82,776 invested. Return on cash invested sits at 22.71% in year one, and rental yield is 8.4% on a $249,700 entry. Equity gained on principal adds $1,611/yr, while 5% annual appreciation builds toward $68,988 over five years. Five-year ROI reaches 117.96% and total cumulative return in cash sums $97,644. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,748/mo property income rather than buyer’s personal income.
Single Family
Built in 1900
0.26 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 64701, Harrisonville, MO area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,079 (100%) |
| Owner Occupied HU | 4,185 (68.8%) |
| Renter Occupied HU | 1,594 (26.2%) |
| Vacant Housing Units | 300 ( 4.9%) |
| Median Home Value | $335,971 |
| Average Home Value | $371,033 |
Housing Distribution
Address Breakdown
Residential
5,966
Single Family
5,825
Multi-Family
141
Businesses
664
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Listed by: Chris Pinion • Keller Williams Legacy Partner
Mls Name: Heartland MLS as distributed by MLS GRID
Mls ID: #2579000