607 Old Orchard AveExcelsior SpringsMO64024
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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 Excelsior Springs at 607 Old Orchard Ave, Excelsior Springs, MO, 64024 priced at $150,000 converts $1,181/mo rent into $247/mo cash flow after a $734/mo obligation. Total monthly income equals $1,181/mo, and annual cash flow totals $2,964/yr on $49,725 invested. Return on cash invested prints 25.87% in year one, and rental yield reads 9.45% against a $150,000 entry. Equity gained on principal adds $968/yr, while 5% annual appreciation compiles into $41,442 by year five. Five-year ROI reaches 134.82% and total cumulative return in cash sums $67,038. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,181/mo property income covering a $734/mo payment, not borrower’s personal income.
Single Family
Built in 1930
6,098 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 64024, Excelsior Springs, MO area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,970 (100%) |
| Owner Occupied HU | 4,802 (68.9%) |
| Renter Occupied HU | 1,710 (24.5%) |
| Vacant Housing Units | 458 ( 6.6%) |
| Median Home Value | $248,953 |
| Average Home Value | $305,115 |
Housing Distribution
Address Breakdown
Residential
6,531
Single Family
6,013
Multi-Family
518
Businesses
432
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Listed by: Rachel Griffin • RE/MAX Innovations
Mls Name: Heartland MLS as distributed by MLS GRID
Mls ID: #2578972