LOT 4 Riverside DrJoplinMO64804
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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 Joplin at LOT 4 Riverside Dr, Joplin, MO, 64804 uses $33,150 cash to close to unlock $7,160/yr annual cash flow and $597/mo monthly cash flow. Total monthly income runs $1,219/mo, and a $489/mo payment keeps the spread at $597/mo. Purchase price stands at $100,000, and rental yield measures 14.63% with $1,219/mo rent. Return on cash invested shows 41.51% in year one, and 5% annual appreciation builds toward $27,628 over five years. Five-year ROI reaches 218.8% and total cumulative return in cash records $72,532. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,219/mo property income covering a $489/mo payment rather than investor’s personal income.
Lot
Built in N/A
5 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 64804, Joplin, MO area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 18,142 (100%) |
| Owner Occupied HU | 10,510 (57.9%) |
| Renter Occupied HU | 5,849 (32.2%) |
| Vacant Housing Units | 1,783 ( 9.8%) |
| Median Home Value | $201,071 |
| Average Home Value | $253,353 |
Housing Distribution
Address Breakdown
Residential
16,919
Single Family
15,780
Multi-Family
1,139
Businesses
1,276
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Listed by: Donny Allen • KELLER WILLIAMS REALTY ELEVATE
Mls Name: Ozark Gateway AOR
Mls Provider:
Mls ID: #243286
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