822 S Monroe AveJoplinMO64801
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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 Joplin at 822 S Monroe Ave, Joplin, MO, 64801 offers $1,620/mo rent that, after a $925/mo payment, leaves $443/mo cash flow. Total monthly income is $1,620/mo, and annual cash flow is $5,317/yr on $62,634 cash. Return on cash invested measures 28.4% in year one, and rental yield stands at 10.29% at a $188,941 entry. Equity gained on principal adds $1,219/yr while 5% annual appreciation compounds into $52,201 by year five. Five-year ROI records 148.49% and total cumulative return in cash reaches $93,004. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,620/mo property income versus a $925/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 2025
6,098 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 64801, Joplin, MO area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 17,109 (100%) |
| Owner Occupied HU | 8,513 (49.8%) |
| Renter Occupied HU | 6,875 (40.2%) |
| Vacant Housing Units | 1,721 (10.1%) |
| Median Home Value | $200,081 |
| Average Home Value | $236,329 |
Housing Distribution
Address Breakdown
Residential
15,579
Single Family
14,670
Multi-Family
909
Businesses
1,693
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Listed by: Schuber Mitchell Team, Shawn Giddens • KELLER WILLIAMS REALTY ELEVATE
Mls Name: Ozark Gateway AOR
Mls Provider:
Mls ID: #256214
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.