708 Promenade DrColumbiaMO65202
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeReliable, bankable, and well-priced, 708 Promenade Dr, Columbia, MO, 65202 in Columbia delivers $2,244/mo in gross rent and $330/mo in net monthly income at a $305,000 entry. The 8.83% yield and 1.64 DSCR make it a clean candidate for Ziffy Mortgage's DSCR loan; no W-2s or U.S. credit history required. With 5% annual appreciation projecting $84,266 over five years and $2,809/yr in equity from loan paydown, total projected return is $137,042.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 8.8% | 6.8% |
| Monthly Cash Flow | $330 | $1,420 |
City averages based on Columbia market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,244 |
| Total Monthly Debt Service | $1,793 |
| DSCR Ratio | 1.25x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 2021
10,445 sqft lot
$N/A/sqft
$175 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 65202, Columbia, MO area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 22,464 (100%) |
| Owner Occupied HU | 12,818 (57.1%) |
| Renter Occupied HU | 7,973 (35.5%) |
| Vacant Housing Units | 1,673 ( 7.4%) |
| Median Home Value | $230,096 |
| Average Home Value | $280,896 |
Housing Distribution
Address Breakdown
Residential
21,110
Single Family
20,925
Multi-Family
185
Businesses
931
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
Single Family
Built in 2021
10,445 sqft lot
$N/A/sqft
$175 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 65202, Columbia, MO area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 22,464 (100%) |
| Owner Occupied HU | 12,818 (57.1%) |
| Renter Occupied HU | 7,973 (35.5%) |
| Vacant Housing Units | 1,673 ( 7.4%) |
| Median Home Value | $230,096 |
| Average Home Value | $280,896 |
Housing Distribution
Address Breakdown
Residential
21,110
Single Family
20,925
Multi-Family
185
Businesses
931
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Emily Baskett • Weichert, Realtors - House of Brokers
Mls Name: JCMLS
Mls Provider:
Mls ID: #10072577
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.