624 Oak Grove AvenueMonettMO65708
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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 Monett at 624 Oak Grove Avenue, Monett, MO, 65708 priced at $360,000 converts $1,980/mo rent into after a $1,762/mo obligation. Total monthly income equals $1,980/mo. Return on cash invested prints 17.27% in year one, and rental yield reads 6.6% against a $360,000 entry. Equity gained on principal adds $2,323/yr, while 5% annual appreciation compiles into $99,461 by year five. Five-year ROI reaches 88.75% and total cumulative return in cash sums $105,909. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,980/mo property income covering a $1,762/mo payment, not borrower’s personal income.
Single Family
Built in 1978
1.70 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 65708, Monett, MO area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,385 (100%) |
| Owner Occupied HU | 3,248 (60.3%) |
| Renter Occupied HU | 1,663 (30.9%) |
| Vacant Housing Units | 474 ( 8.8%) |
| Median Home Value | $174,818 |
| Average Home Value | $217,014 |
Housing Distribution
Address Breakdown
Residential
4,995
Single Family
4,909
Multi-Family
86
Businesses
499
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