1004 NE Cedar StLees SummitMO64086
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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 Lees Summit at 1004 NE Cedar St, Lees Summit, MO, 64086 uses $97,793 cash to close to unlock $2,912/yr annual cash flow and $243/mo monthly cash flow. Total monthly income runs $2,080/mo, and a $1,444/mo payment keeps the spread at $243/mo. Purchase price stands at $295,000, and rental yield measures 8.46% with $2,080/mo rent. Return on cash invested shows 22.89% in year one, and 5% annual appreciation builds toward $81,503 over five years. Five-year ROI reaches 118.87% and total cumulative return in cash records $116,246. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,080/mo property income covering a $1,444/mo payment rather than investor’s personal income.
Single Family
Built in 1980
8,276 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 64086, Lees Summit, MO area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,541 (100%) |
| Owner Occupied HU | 6,924 (65.7%) |
| Renter Occupied HU | 2,814 (26.7%) |
| Vacant Housing Units | 803 ( 7.6%) |
| Median Home Value | $322,130 |
| Average Home Value | $384,189 |
Housing Distribution
Address Breakdown
Residential
10,279
Single Family
9,416
Multi-Family
863
Businesses
621
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Listed by: Matt Turnbough • Platinum Realty LLC
Mls Name: Heartland MLS as distributed by MLS GRID
Mls ID: #2566646