801 E College StIndependenceMO64050
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
Investment Highlights
Rental property for sale in Independence at 801 E College St, Independence, MO, 64050 priced at $149,900 converts $2,125/mo rent into $1,191/mo cash flow after a $734/mo obligation. Total monthly income equals $2,125/mo, and annual cash flow totals $14,294/yr on $49,692 invested. Return on cash invested prints 48.67% in year one, and rental yield reads 17.01% against a $149,900 entry. Equity gained on principal adds $967/yr, while 5% annual appreciation compiles into $41,415 by year five. Five-year ROI reaches 257.21% and total cumulative return in cash sums $127,811. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,125/mo property income covering a $734/mo payment, not borrower’s personal income.
Single Family
Built in 1900
3.50 Acres 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Michael Zouglas • REO Xpress LLC
Mls Name: Heartland MLS as distributed by MLS GRID
Mls ID: #2583146