2407 Albert Rasche Dr Cape Girardeau, MO 63701

2 beds · 2 baths · 1,200 sq ft · Lot Size: 8,494 sq ft · Single Family Home
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2407 Albert Rasche Dr is in the 63701 neighborhood of Cape Girardeau, MO. It is located in Cape Girardeau County and ZIP code 63701. This Single Family Home was built in 1962 and is approximately 63 years old. The single family home spans 1200 sq ft with 2 bedrooms and 2 bathrooms and sits on a 8494 sq ft lot. According to public records, it was last sold in 2021 for $115,188. Analyze and compare real estate investment strategies for properties like this home at 2407 Albert Rasche Dr Cape Girardeau, MO 63701 with Property Intel by Whitepages.

Investment Potential for 2407 Albert Rasche Dr

The property has a current estimated value of $132,568, which is 0% below the zip median, based on public records. It last sold on March 19, 2021 for $115K. Projected long-term
is $19,200 annually ($1,600 per month) with a 87% occupancy rate.

Long-Term

Gross Rental
$19,200 per year($1,600 per month)
Net Operating Income
Cap Rate
Occupancy Rate
87%in 63701 zip code
 
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Owners & Occupancy for 2407 Albert Rasche Dr

This property is owned by Ethan Dean Scheffer. Owner contact information includes 1 phone number and 5 email addresses.

Property Owners

Residence******************
Distance from Property**********
Email Address***********@hotmail.com

Property Ownership Information

Purchase DateMarch 19, 2021
Property Tax Amount$745 in 2023
Purchase Price$115,188

Occupancy

Current Occupancy*****View Occupancy
Resident 1************* age 59
Resident 2******************* age 31
Resident 3**************** age 60
Resident 4*************

Property Details for 2407 Albert Rasche Dr

Property Details

Property Sq Ft

Living Area

1,200 sq ft

Compare to 63701

Lot Size

8,494 sq ft

Compare to 63701

Price Per Sq Ft

Living Area

$110 / sq ft

Compare to 63701

Lot Size Area

$16 / sq ft

Compare to 63701
Property condition, age, exterior, etc. for 2407 Alber…
Longitude: -89.553158 Latitude: 37.329644 Parcel Number (APN): 15-912-00-06-00300-0000…
Mortgage originated on through lender: Banterra Bk for$*****View Mortgage Details
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Market Benchmarks

Compare data for 2407 Albert Rasche Dr in Cape Girardeau County to the median in the zip code area and surrounding markets, where available.
View zip code benchmarks
Property
State
Difference
$132,568
$163,334
-$30,766 (-19%)
$252,295
-$57,287 (-23%)
YoY Price Change
2.36%
142%
Year Built
1962
1950
12 years
Living Space
1,200 sq ft
1,060 sq ft
140 (13%)
$ Per Living Sq Ft
$110
$155
-$45 (-29%)
Lot Size
8,494 sq ft
8,899 sq ft
-405 (-5%)
$ Per Lot Sq Ft
$16
$20
-$4 (-20%)

Net Operating Income
$12,719
$2,192 (17%)
Annual Revenue
$19,200
$17,400
$1,800 (10%)
$3,822
$467 (12%)
Net Operating Income
$12,719
$2,192 (17%)
Cap Rate
7.38%
Home Value Comparison: Property vs. Local and Regional 2-Bed Single Family Home Medians