627 Old State Place DrGlencoeMO63038
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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 Glencoe at 627 Old State Place Dr, Glencoe, MO, 63038 priced at $589,000 pairs $3,775/mo rent with $107/mo cash flow after a $2,883/mo payment. Total monthly income equals $3,775/mo, and annual cash flow comes to $1,280/yr on $193,781 invested. Return on cash invested is 20.72% in year one, and rental yield stands at 7.69% on a $589,000 basis. Equity gained on principal adds $3,801/yr, and 5% annual appreciation accumulates to $162,730 by year five. Five-year ROI measures 107.21% and total cumulative return in cash reaches $207,758. For financing, Ziffy Mortgage’s DSCR program evaluates $3,775/mo property income against a $2,883/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 2021
0.45 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 63038, Glencoe, MO area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,395 (100%) |
| Owner Occupied HU | 2,228 (93.0%) |
| Renter Occupied HU | 100 ( 4.2%) |
| Vacant Housing Units | 67 ( 2.8%) |
| Median Home Value | $560,881 |
| Average Home Value | $616,372 |
Housing Distribution
Address Breakdown
Residential
2,557
Single Family
2,452
Multi-Family
105
Businesses
87
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