709 N Belvidere AveIndependenceMO64056
INVESTMENT ANALYSIS
Investment Verdict
Steady Equity BuilderThe cash-flow margin at 709 N Belvidere Ave, Independence, MO, 64056 in Independence is narrow, $45/mo net on $1,920/mo rent after the $1,353/mo debt service, but the property operates at break-even-plus, not a loss. At $301,000 with a 7.65% yield, the long-run equity case via 5% appreciation ($83,161 over five years) and $2,772/yr in principal paydown is where the returns accumulate. Ziffy Mortgage's 1.42 DSCR loan requires no W-2s or U.S. credit. Total projected cumulative return: $117,153.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 7.7% | 7.0% |
| Monthly Cash Flow | $45 | $400 |
City averages based on Independence market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,920 |
| Total Monthly Debt Service | $1,755 |
| DSCR Ratio | 1.09x |
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 2005
6,344 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 64056, Independence, MO area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,632 (100%) |
| Owner Occupied HU | 4,252 (64.1%) |
| Renter Occupied HU | 2,000 (30.2%) |
| Vacant Housing Units | 380 ( 5.7%) |
| Median Home Value | $216,725 |
| Average Home Value | $233,841 |
Housing Distribution
Address Breakdown
Residential
6,647
Single Family
6,250
Multi-Family
397
Businesses
204
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 2005
6,344 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 64056, Independence, MO area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,632 (100%) |
| Owner Occupied HU | 4,252 (64.1%) |
| Renter Occupied HU | 2,000 (30.2%) |
| Vacant Housing Units | 380 ( 5.7%) |
| Median Home Value | $216,725 |
| Average Home Value | $233,841 |
Housing Distribution
Address Breakdown
Residential
6,647
Single Family
6,250
Multi-Family
397
Businesses
204
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Blake Keathley • EveryState Inc.
Mls Name: Heartland MLS as distributed by MLS GRID
Mls ID: #2575155