605 S Franklin StRaymoreMO64083
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Nearby investment properties with comparable prices
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 Raymore at 605 S Franklin St, Raymore, MO, 64083 offers $2,586/mo rent that, after a $2,026/mo payment, leaves $8/mo cash flow. Total monthly income is $2,586/mo, and annual cash flow is $96/yr on $137,241 cash. Return on cash invested measures 19.98% in year one, and rental yield stands at 7.5% at a $414,000 entry. Equity gained on principal adds $2,671/yr while 5% annual appreciation compounds into $114,381 by year five. Five-year ROI records 103.25% and total cumulative return in cash reaches $141,703. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,586/mo property income versus a $2,026/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 2007
8,712 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 64083, Raymore, MO area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,946 (100%) |
| Owner Occupied HU | 7,879 (72.0%) |
| Renter Occupied HU | 2,415 (22.1%) |
| Vacant Housing Units | 652 ( 6.0%) |
| Median Home Value | $337,858 |
| Average Home Value | $367,671 |
Housing Distribution
Address Breakdown
Residential
10,556
Single Family
10,415
Multi-Family
141
Businesses
453
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