704 Richard AveFestusMO63028
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
Investment property for sale in Festus at 704 Richard Ave, Festus, MO, 63028 with 5% annual appreciation on a $375,000 basis while $2,442/mo rent supports operations. Total monthly income totals $2,442/mo and a $1,835/mo payment preserves $107/mo for cash returns. Annual cash flow comes to $1,284/yr on $124,313 deployed, and return on cash invested reaches 20.94% in year one. Equity gained on principal adds $2,420/yr, and five-year appreciation sums $103,606 alongside rental yield of 7.81%. Five-year ROI measures 108.41% and total cumulative return in cash totals $134,763.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $2,442/mo property income versus a $1,835/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1993
10,454 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 63028, Festus, MO area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,767 (100%) |
| Owner Occupied HU | 8,777 (74.6%) |
| Renter Occupied HU | 2,372 (20.2%) |
| Vacant Housing Units | 618 ( 5.3%) |
| Median Home Value | $261,375 |
| Average Home Value | $298,353 |
Housing Distribution
Address Breakdown
Residential
11,592
Single Family
11,376
Multi-Family
216
Businesses
702
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices