605 Fairground AveHigginsvilleMO64037
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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 Higginsville at 605 Fairground Ave, Higginsville, MO, 64037 priced at $149,900 converts $1,381/mo rent into $447/mo cash flow after a $734/mo obligation. Total monthly income equals $1,381/mo, and annual cash flow totals $5,366/yr on $49,692 invested. Return on cash invested prints 30.71% in year one, and rental yield reads 11.06% against a $149,900 entry. Equity gained on principal adds $967/yr, while 5% annual appreciation compiles into $41,415 by year five. Five-year ROI reaches 160.88% and total cumulative return in cash sums $79,943. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,381/mo property income covering a $734/mo payment, not borrower’s personal income.
Single Family
Built in 1938
0.29 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 64037, Higginsville, MO area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,655 (100%) |
| Owner Occupied HU | 1,585 (59.7%) |
| Renter Occupied HU | 772 (29.1%) |
| Vacant Housing Units | 298 (11.2%) |
| Median Home Value | $182,537 |
| Average Home Value | $223,680 |
Housing Distribution
Address Breakdown
Residential
2,487
Single Family
2,308
Multi-Family
179
Businesses
260
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Listed by: Courtney Bergsieker • RE/MAX Central
Mls Name: Heartland MLS as distributed by MLS GRID
Mls ID: #2567028