630 S Lake DrIndependenceMO64053
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 Independence at 630 S Lake Dr, Independence, MO, 64053 priced at $195,000 pairs $1,451/mo rent with $237/mo cash flow after a $954/mo payment. Total monthly income equals $1,451/mo, and annual cash flow comes to $2,844/yr on $64,643 invested. Return on cash invested is 24.31% in year one, and rental yield stands at 8.93% on a $195,000 basis. Equity gained on principal adds $1,258/yr, and 5% annual appreciation accumulates to $53,875 by year five. Five-year ROI measures 126.47% and total cumulative return in cash reaches $81,754. For financing, Ziffy Mortgage’s DSCR program evaluates $1,451/mo property income against a $954/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1930
4,630 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 64053, Independence, MO area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,644 (100%) |
| Owner Occupied HU | 1,235 (46.7%) |
| Renter Occupied HU | 1,076 (40.7%) |
| Vacant Housing Units | 333 (12.6%) |
| Median Home Value | $87,337 |
| Average Home Value | $136,152 |
Housing Distribution
Address Breakdown
Residential
2,424
Single Family
2,362
Multi-Family
62
Businesses
76
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Nearby investment properties with comparable prices
Listed by: Eric Craig Team • Keller Williams KC North
Mls Name: HKMMLS as distributed by MLS GRID
Mls Provider:
Mls ID: #2507198
Disclaimer: Based on information submitted to the MLS GRID as of 2024-01-26 09:44:00 PST. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website. Prices displayed on all Sold listings are the Last Known Listing Price and may not be the actual selling price. [Click here for more information](/info/mls-disclaimers/#mls_45) Listing Information presented by local MLS brokerage: Zillow, Inc., local REALTOR- Terry York - (913) 213-6604