970 N Spoede Rd APT 32Saint LouisMO63146
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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 Saint Louis at 970 N Spoede Rd APT 32, Saint Louis, MO, 63146 uses $89,472 cash to close to unlock $158/yr annual cash flow and $13/mo monthly cash flow. Total monthly income runs $2,312/mo, and a $1,321/mo payment keeps the spread at $13/mo. Purchase price stands at $269,900, and rental yield measures 10.28% with $2,312/mo rent. Return on cash invested shows 20.09% in year one, and 5% annual appreciation builds toward $74,568 over five years. Five-year ROI reaches 106.89% and total cumulative return in cash records $95,634. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,312/mo property income covering a $1,321/mo payment rather than investor’s personal income.
Condo
Built in 1980
6,185 sqft lot
$N/A/sqft
$618 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 63146, Saint Louis, MO area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 15,959 (100%) |
| Owner Occupied HU | 8,601 (53.9%) |
| Renter Occupied HU | 6,109 (38.3%) |
| Vacant Housing Units | 1,249 ( 7.8%) |
| Median Home Value | $298,489 |
| Average Home Value | $334,860 |
Housing Distribution
Address Breakdown
Residential
14,987
Single Family
11,475
Multi-Family
3,512
Businesses
1,118
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Listed by: Kristin Malva • EXP Realty, LLC
Mls Name: MARIS
Mls Provider:
Mls ID: #25022704
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