658 N Mohican DrIndependenceMO64056
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 658 N Mohican Dr, Independence, MO, 64056 priced at $152,900 converts $1,156/mo rent into $204/mo cash flow after a $748/mo obligation. Total monthly income equals $1,156/mo, and annual cash flow totals $2,450/yr on $50,686 invested. Return on cash invested prints 24.74% in year one, and rental yield reads 9.07% against a $152,900 entry. Equity gained on principal adds $987/yr, while 5% annual appreciation compiles into $42,243 by year five. Five-year ROI reaches 128.9% and total cumulative return in cash sums $65,332. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,156/mo property income covering a $748/mo payment, not borrower’s personal income.
Single Family
Built in 1978
8,897 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 64056, Independence, MO area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,632 (100%) |
| Owner Occupied HU | 4,252 (64.1%) |
| Renter Occupied HU | 2,000 (30.2%) |
| Vacant Housing Units | 380 ( 5.7%) |
| Median Home Value | $216,725 |
| Average Home Value | $233,841 |
Housing Distribution
Address Breakdown
Residential
6,647
Single Family
6,250
Multi-Family
397
Businesses
204
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Listed by: Chuck Weber • Weber & Associates Realtors
Mls Name: Heartland MLS as distributed by MLS GRID
Mls ID: #2579779