611 N 1st StClarenceMO63437
Nearby investment properties with comparable rents
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 Clarence at 611 N 1st St, Clarence, MO, 63437 offers $1,272/mo rent that, after a $795/mo payment, leaves $260/mo cash flow. Total monthly income is $1,272/mo, and annual cash flow is $3,124/yr on $53,869 cash. Return on cash invested measures 25.71% in year one, and rental yield stands at 9.39% at a $162,500 entry. Equity gained on principal adds $1,049/yr while 5% annual appreciation compounds into $44,896 by year five. Five-year ROI records 134.07% and total cumulative return in cash reaches $72,222. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,272/mo property income versus a $795/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Manufactured
Built in 1986
2.10 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 63437, Clarence, MO area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 699 (100%) |
| Owner Occupied HU | 471 (67.4%) |
| Renter Occupied HU | 115 (16.5%) |
| Vacant Housing Units | 113 (16.2%) |
| Median Home Value | $111,458 |
| Average Home Value | $234,480 |
Housing Distribution
Address Breakdown
Residential
593
Single Family
593
Multi-Family
0
Businesses
43
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