6601 Ridgeway 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
Investment property for sale in Saint Joseph at 6601 Ridgeway St, Saint Joseph, MO, 64504 uses $58,013 cash to close to unlock $2,756/yr annual cash flow and $230/mo monthly cash flow. Total monthly income runs $1,320/mo, and a $857/mo payment keeps the spread at $230/mo. Purchase price stands at $175,000, and rental yield measures 9.05% with $1,320/mo rent. Return on cash invested shows 24.66% in year one, and 5% annual appreciation builds toward $48,349 over five years. Five-year ROI reaches 128.4% and total cumulative return in cash records $74,491. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,320/mo property income covering a $857/mo payment rather than investor’s personal income.
Single Family
Built in 1999
0.37 Acres 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: Tracy TIETJENS • REECENICHOLS-IDE CAPITAL
Mls Name: Heartland MLS as distributed by MLS GRID
Mls ID: #2593124