809 3rd StPlatte CityMO64079
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
Investment property for sale in Platte City at 809 3rd St, Platte City, MO, 64079 uses $70,908 cash to close to unlock $274/yr annual cash flow and $23/mo monthly cash flow. Total monthly income runs $1,355/mo, and a $1,047/mo payment keeps the spread at $23/mo. Purchase price stands at $213,900, and rental yield measures 7.6% with $1,355/mo rent. Return on cash invested shows 20.29% in year one, and 5% annual appreciation builds toward $59,097 over five years. Five-year ROI reaches 104.96% and total cumulative return in cash records $74,428. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,355/mo property income covering a $1,047/mo payment rather than investor’s personal income.
Single Family
Built in 1930
5,624 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 64079, Platte City, MO area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,923 (100%) |
| Owner Occupied HU | 4,279 (72.2%) |
| Renter Occupied HU | 1,388 (23.4%) |
| Vacant Housing Units | 256 ( 4.3%) |
| Median Home Value | $372,475 |
| Average Home Value | $400,408 |
Housing Distribution
Address Breakdown
Residential
5,631
Single Family
5,386
Multi-Family
245
Businesses
393
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Holly Dupree Mc Clain • Platinum Realty LLC
Mls Name: HKMMLS as distributed by MLS GRID
Mls Provider:
Mls ID: #2516558
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