For SaleRisky Deal6 days on market
16408 E 40th St
16408 E 40th St, Independence, MO 64055, Independence, MO 64055
$195,000
Listing Price
16408 E 40th St, Independence, MO 64055
Loc: Independence, MO
Days Listed
6
Tax Assessed
$156k
Lot Size
10,019 sqft
Type
single family
More Than Just a Property
We believe a home extends beyond its walls. That's why we help you explore the pulse of the community—from top-rated schools to essential emergency services. Your safety, well-being, and connection to the neighborhood matter to us.
4.9
Safety Score
A+
Schools
Nearby Schools
Educational options and performance ratings in the area.
10
William Yates Elementary School
K-5
0.7 mi away
6
Paul Kinder Middle School
6-8
3.9 mi away
8
Blue Springs High School
9-12
5.5 mi away
Property Overview
No property narrative or remarks were supplied in the source listing records. Underwriting and financial metrics are calculated directly from public record data and MLS attributes.
Features & Amenities
split-level housetwo-car garagevertical sidingbrick accentsshuttered windowsfront porch awningsuburbanresidentialconcrete drivewaylawntraditional architectureentryway stairsestablished landscaping
Haven AI Verdict
Recommendation
Risky
Confidence Score: 2/10
Exercise caution due to potential market volatility.
Cap Rate
6.00%
Total ROI
89.3%
Cash Flow
$-37/mo
DSCR
0.96
Was this AI Verdict accurate?
Data provided by Haven AI. Disclaimer
Haven AI
Property yields an estimated $-37/mo net cash flow with a 6.0% cap rate. Underwriting indicates risky fundamentals for long-term hold.
Strengths
- • Favorable cap rate profile (6.0%)
- • Strong rental demand in Independence
Considerations
- • Verify historical operating expenses and local tax assessment
- • Confirm current lease terms and tenant estoppel certificates
10-Year Price Projection
Price & Tax History
Price History
| Date | Event | Price | Price/sqft |
|---|---|---|---|
| 2026-09-24 | Listed for sale | $195,000 | $129 |
Tax History
| Year | Property Tax | Tax Assessment |
|---|---|---|
| 2025 | $2,098.55 | $29,649 |
| 2024 | $2,061.48 | $30,052 |
| 2023 | $2,018.59 | $30,052 |
| 2022 | $1,721.45 | $22,421 |
| 2021 | $1,720.71 | $22,421 |
| 2020 | $1,628.05 | $20,901 |
| 2019 | $1,573.69 | $20,901 |
| 2018 | $1,573.69 | $19,741 |
| 2017 | $1,576.66 | $19,741 |
| 2016 | $1,484.56 | $19,247 |
| 2014 | $1,599 | $20,541 |
| 2013 | $1,595.55 | $20,541 |
| 2012 | $1,594.34 | $20,541 |
| 2011 | $1,597.99 | $20,541 |
| 2010 | $1,550.71 | $20,541 |
| 2009 | $1,637.19 | $20,541 |
| 2008 | $1,602.79 | $21,851 |
| 2007 | $1,561.98 | $21,851 |
| 2006 | $1,561.19 | $21,215 |
| 2005 | $1,317.6 | $21,215 |
| 2004 | $1,317.58 | $17,704 |
| 2003 | $1,042.76 | $17,704 |
| 2002 | $1,035.01 | $15,395 |
| 2001 | $993.52 | $15,395 |
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