603 W Shepherd AveKirksvilleMO63501
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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 Kirksville at 603 W Shepherd Ave, Kirksville, MO, 63501 priced at $249,900 converts $1,584/mo rent into $28/mo cash flow after a $1,223/mo obligation. Total monthly income equals $1,584/mo, and annual cash flow totals $334/yr on $82,842 invested. Return on cash invested prints 20.31% in year one, and rental yield reads 7.61% against a $249,900 entry. Equity gained on principal adds $1,613/yr, while 5% annual appreciation compiles into $69,043 by year five. Five-year ROI reaches 105.05% and total cumulative return in cash sums $87,026. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,584/mo property income covering a $1,223/mo payment, not borrower’s personal income.
Single Family
Built in 1967
0.34 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 63501, Kirksville, MO area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,619 (100%) |
| Owner Occupied HU | 4,540 (47.2%) |
| Renter Occupied HU | 3,763 (39.1%) |
| Vacant Housing Units | 1,316 (13.7%) |
| Median Home Value | $194,902 |
| Average Home Value | $241,019 |
Housing Distribution
Address Breakdown
Residential
8,945
Single Family
8,728
Multi-Family
217
Businesses
903
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Listed by: Megan Roof • RE/MAX Home Team
Mls Name: Northeast Central AOR
Mls Provider:
Mls ID: #39316
Disclaimer: Listing information is deemed reliable, but not guaranteed.