611 S Park AveJoplinMO64801
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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 Joplin at 611 S Park Ave, Joplin, MO, 64801 priced at $105,000 converts $844/mo rent into $190/mo cash flow after a $514/mo obligation. Total monthly income equals $844/mo, and annual cash flow totals $2,280/yr on $34,808 invested. Return on cash invested prints 26.46% in year one, and rental yield reads 9.65% against a $105,000 entry. Equity gained on principal adds $678/yr, while 5% annual appreciation compiles into $29,010 by year five. Five-year ROI reaches 138.04% and total cumulative return in cash sums $48,050. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $844/mo property income covering a $514/mo payment, not borrower’s personal income.
Single Family
Built in 1910
10,000 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 64801, Joplin, MO area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 17,109 (100%) |
| Owner Occupied HU | 8,513 (49.8%) |
| Renter Occupied HU | 6,875 (40.2%) |
| Vacant Housing Units | 1,721 (10.1%) |
| Median Home Value | $200,081 |
| Average Home Value | $236,329 |
Housing Distribution
Address Breakdown
Residential
15,579
Single Family
14,670
Multi-Family
909
Businesses
1,693
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