693 Cedar Ridge DrJoplinMO64850
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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 Joplin at 693 Cedar Ridge Dr, Joplin, MO, 64850 listed at $429,950 pairs $3,818/mo rent with a $2,104/mo payment to leave $1,141/mo cash flow. Total monthly income runs $3,818/mo, and annual cash flow reaches $13,689/yr on $142,528 cash to close. Return on cash invested measures 29.51% in year one, and rental yield registers 10.66% at a $429,950 basis. Equity gained on principal adds $2,774/yr, and annual property appreciation at 5% supports $118,787 by year five. Five-year ROI tracks 154.39% and total cumulative return in cash totals $220,055. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $3,818/mo property income relative to a $2,104/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1987
2 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 64850, Neosho, MO area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,353 (100%) |
| Owner Occupied HU | 6,757 (65.3%) |
| Renter Occupied HU | 2,739 (26.5%) |
| Vacant Housing Units | 857 ( 8.3%) |
| Median Home Value | $181,734 |
| Average Home Value | $221,241 |
Housing Distribution
Address Breakdown
Residential
10,318
Single Family
9,989
Multi-Family
329
Businesses
944
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Listed by: Ortiz Real Estate, JJ Ortiz • KELLER WILLIAMS REALTY ELEVATE
Mls Name: Ozark Gateway AOR
Mls Provider:
Mls ID: #251993
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.