6322 Morris StSaint JosephMO64504
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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 Saint Joseph at 6322 Morris St, Saint Joseph, MO, 64504 generates $854/mo in rent and, after a $534/mo payment, leaves $175/mo in cash flow. Total monthly income is $854/mo, and annual cash flow is $2,096/yr on $36,134 invested. Return on cash invested sits at 25.71% in year one, and rental yield is 9.4% on a $109,000 entry. Equity gained on principal adds $703/yr, while 5% annual appreciation builds toward $30,115 over five years. Five-year ROI reaches 134.06% and total cumulative return in cash sums $48,442. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $854/mo property income rather than buyer’s personal income.
Single Family
Built in 1909
5,227 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 64504, Saint Joseph, MO area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,679 (100%) |
| Owner Occupied HU | 2,999 (64.1%) |
| Renter Occupied HU | 1,109 (23.7%) |
| Vacant Housing Units | 571 (12.2%) |
| Median Home Value | $145,305 |
| Average Home Value | $190,535 |
Housing Distribution
Address Breakdown
Residential
4,238
Single Family
4,154
Multi-Family
84
Businesses
274
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Listed by: Jason Simpson • Top Property Realty, LLC
Mls Name: Heartland MLS as distributed by MLS GRID
Mls ID: #2593163