704 N Elm AveSaint LouisMO63119
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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 Louis at 704 N Elm Ave, Saint Louis, MO, 63119 offers $1,462/mo rent that, after a $896/mo payment, leaves $322/mo cash flow. Total monthly income is $1,462/mo, and annual cash flow is $3,864/yr on $60,665 cash. Return on cash invested measures 26.28% in year one, and rental yield stands at 9.59% at a $183,000 entry. Equity gained on principal adds $1,181/yr while 5% annual appreciation compounds into $50,560 by year five. Five-year ROI records 137.04% and total cumulative return in cash reaches $83,135. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,462/mo property income versus a $896/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1949
9,147 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 63119, Saint Louis, MO area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 15,458 (100%) |
| Owner Occupied HU | 11,084 (71.7%) |
| Renter Occupied HU | 3,452 (22.3%) |
| Vacant Housing Units | 922 ( 6.0%) |
| Median Home Value | $376,319 |
| Average Home Value | $439,587 |
Housing Distribution
Address Breakdown
Residential
14,893
Single Family
12,751
Multi-Family
2,142
Businesses
1,289
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Listed by: Zofia Morse • Zofia Morse, Broker
Mls Name: Bay East AOR
Mls ID: #41107551