650 Main StNew MadridMO63869
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 New Madrid at 650 Main St, New Madrid, MO, 63869 offers $863/mo rent that, after a $2,447/mo payment. Total monthly income is $863/mo. Return on cash invested measures 3.61% in year one, and rental yield stands at 2.07% at a $500,000 entry. Equity gained on principal adds $3,226/yr while 5% annual appreciation compounds into $138,141 by year five. Five-year ROI records 15.52% and total cumulative return in cash reaches $25,724. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $863/mo property income versus a $2,447/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1907
3 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 63869, New Madrid, MO area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,750 (100%) |
| Owner Occupied HU | 952 (54.4%) |
| Renter Occupied HU | 585 (33.4%) |
| Vacant Housing Units | 213 (12.2%) |
| Median Home Value | $136,806 |
| Average Home Value | $184,561 |
Housing Distribution
Address Breakdown
Residential
1,498
Single Family
1,498
Multi-Family
0
Businesses
189
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: N/A • N/A
Mls Name: undefined
Mls ID: #N/A