707 N Forest AveIndependenceMO64050
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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 Independence at 707 N Forest Ave, Independence, MO, 64050 listed at $132,000 pairs $1,007/mo rent with a $646/mo payment to leave $185/mo cash flow. Total monthly income runs $1,007/mo, and annual cash flow reaches $2,220/yr on $43,758 cash to close. Return on cash invested measures 24.98% in year one, and rental yield registers 9.15% at a $132,000 basis. Equity gained on principal adds $852/yr, and annual property appreciation at 5% supports $36,469 by year five. Five-year ROI tracks 130.09% and total cumulative return in cash totals $56,923. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,007/mo property income relative to a $646/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1950
5,648 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 64050, Independence, MO area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,285 (100%) |
| Owner Occupied HU | 4,850 (47.2%) |
| Renter Occupied HU | 4,367 (42.5%) |
| Vacant Housing Units | 1,068 (10.4%) |
| Median Home Value | $174,823 |
| Average Home Value | $230,234 |
Housing Distribution
Address Breakdown
Residential
9,545
Single Family
8,460
Multi-Family
1,085
Businesses
580
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Listed by: Nate Watermeier • Cascade Financial Investments
Mls Name: Heartland MLS as distributed by MLS GRID
Mls ID: #2561945