Zip Code 64053 — Independence, MO
🟢STRONG— excellent cash flow marketB
Good
Solid returns, moderate risk · Score: 72/100
Cap Rate
9.5%
Monthly Cash Flow
+$319
Median Home Price
$122,944
DSCR
1.49
Fair Market Rents
- Studio
- $840/mo
- 1 Bedroom
- $930/mo
- 2 Bedroom
- $1,070/mo
- 3 Bedroom
- $1,400/mo
- 4 Bedroom
- $1,640/mo
Investment Metrics
- Cap Rate
- 9.5%
- Cash-on-Cash Return
- 13.6%
- Price-to-Rent Ratio
- 7.3
- 1% Rule
- 1.14%
- Gross Rent Multiplier
- 7.3
- Vacancy Rate
- 8.0%
Assumptions Used
20% down payment, 6.52% interest rate, 30-year fixed, 8% vacancy, 10% maintenance, 1.2% property tax
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