729 N Willis 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 729 N Willis Ave, Independence, MO, 64050 uses $54,366 cash to close to unlock $7,012/yr annual cash flow and $584/mo monthly cash flow. Total monthly income runs $1,606/mo, and a $803/mo payment keeps the spread at $584/mo. Purchase price stands at $164,000, and rental yield measures 11.75% with $1,606/mo rent. Return on cash invested shows 32.81% in year one, and 5% annual appreciation builds toward $45,310 over five years. Five-year ROI reaches 172.12% and total cumulative return in cash records $93,573. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,606/mo property income covering a $803/mo payment rather than investor’s personal income.
Single Family
Built in 1946
7,536 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: Chip Thompson • Realty Professionals Heartland
Mls Name: HKMMLS as distributed by MLS GRID
Mls Provider:
Mls ID: #2509003
Disclaimer: Based on information submitted to the MLS GRID as of 2024-01-26 09:44:00 PST. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website. Prices displayed on all Sold listings are the Last Known Listing Price and may not be the actual selling price. [Click here for more information](/info/mls-disclaimers/#mls_45) Listing Information presented by local MLS brokerage: Zillow, Inc., local REALTOR- Terry York - (913) 213-6604