7304 Michigan AveSaint LouisMO63111
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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
Rental property for sale in Saint Louis at 7304 Michigan Ave, Saint Louis, MO, 63111 generates $2,542/mo in rent and, after a $1,415/mo payment, leaves $742/mo in cash flow. Total monthly income is $2,542/mo, and annual cash flow is $8,900/yr on $95,804 invested. Return on cash invested sits at 29.2% in year one, and rental yield is 10.56% on a $289,000 entry. Equity gained on principal adds $1,865/yr, while 5% annual appreciation builds toward $79,845 over five years. Five-year ROI reaches 152.71% and total cumulative return in cash sums $146,306. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,542/mo property income rather than buyer’s personal income.
Single Family
Built in 1890
6,163 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 63111, Saint Louis, MO area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,177 (100%) |
| Owner Occupied HU | 3,173 (31.2%) |
| Renter Occupied HU | 4,741 (46.6%) |
| Vacant Housing Units | 2,263 (22.2%) |
| Median Home Value | $140,836 |
| Average Home Value | $196,941 |
Housing Distribution
Address Breakdown
Residential
8,654
Single Family
6,880
Multi-Family
1,774
Businesses
484
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Listed by: Bridgette M Fyvie • Garcia Properties
Mls Name: MARIS
Mls ID: #25060474