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1003-1005 W College St, Independence, MO, 64050

--beds
2baths
--sqft
$192,000
--price/sqft
$1,518/moest. monthly cost
$60,720/yrincome needed

About This Home

1003–1005 College duplex meets the 1% rule with strong cash flow potential. Each unit has a private basement with separate entry. Each unit has 2 bedrooms and 1 bathroom. Unit 1005 basement is demoed and ready for 2 beds + bath—potential to convert to 4/2 for increased income. Located 2 blocks from the school with strong rental demand. Great value-add opportunity as seller pursues another venture. Schedule your showing today!

Getting Around

55
WalkingSomewhat Walkable
29
TransitSome Transit
40
BikeSomewhat Bikeable

Schools

Construction

Condition

  • Year built: 1950

Type & Style

  • Home type: MultiFamily
  • Property subType: Duplex

Property

Lot

  • Lot size: 6,869 sqft

Parking

  • Parking features: Off Street

Climate Risk is Financial Risk

Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.

Biggest Threats for This Home

  • Heat Wave
    Heat WaveRelatively High
  • Tornado
    TornadoRelatively High
  • Cold Wave
    Cold WaveModerate
  • Hail
    HailModerate

How This Home’s Risks Compare

Heat Wave
Tornado
Cold Wave
Hail

FEMA Declared Disasters Across Missouri Counties

Fire
Flood
Other
Severe Storm
Straight Line Winds
Tornado

Understanding the Costs

Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.

Estimated Costs Today

MonthlyAnnual
Mortgage $970$11,640
Home Insurance *$227$2,724
Property Taxes $180$2,160
Electricity $141$1,693
Total$1,518$18,216
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$52,045/yr
40% on housing$45,540/yr
45% on housing$40,480/yr

Missouri FAIR Plan Programs

Missouri Property Insurance Placement Facility

Covered
WildfireWildfire
HailHail
WindWind
Visit Website →
Current Policies
Residential: 2,041Commercial: 84
Total Premiums$2.35M
Total Exposure$198.26M

How Costs Could Change Over Time

Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.

Insurance Growth Rate5-year average: 11.9%
11.9%
0%30.0%
Electricity Growth Rate10-year average: 2.9%
2.9%
0%15.0%
Property Taxes Growth Rate2-year average: 2.0%
2.0%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

--This listing

vs Other Active Listings

Avg $/sqft

ZIP 64050$110
Jackson County$160

vs Homes Sold Last Month

Median $/sqft

ZIP 64050$136
Jackson County$151

Current Market Trends

Median Price Per Square Foot

The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.

Historicals for This Listing

Zestimate History ($/sqft)

No zestimate history available

Price History

No price history available

For Sale by Agent

AgentKarly Feagans
BrokerageKeller Williams KC North

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