1012 E Fredrickson DrOlatheKS66061
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowFew Olathe rentals match the income profile of 1012 E Fredrickson Dr, Olathe, KS, 66061. Listed at $187,000, gross rent is $1,980/mo and net cash flow is $736/mo, a 12.71% yield well above national averages. DSCR 2.35 means Ziffy Mortgage can approve your loan on the property's income alone, bypassing personal income verification. The 5% annual appreciation trend adds $51,665 by year five with $1,722/yr in annual principal reduction, projecting $118,670 in total cumulative return.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 12.7% | 4.9% |
| Monthly Cash Flow | $736 | $185 |
City averages based on Olathe market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,980 |
| Total Monthly Debt Service | $1,170 |
| DSCR Ratio | 1.69x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 1953
8,698 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 66061, Olathe, KS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 26,167 (100%) |
| Owner Occupied HU | 17,671 (67.5%) |
| Renter Occupied HU | 7,349 (28.1%) |
| Vacant Housing Units | 1,147 ( 4.4%) |
| Median Home Value | $387,338 |
| Average Home Value | $426,529 |
Housing Distribution
Address Breakdown
Residential
25,559
Single Family
23,576
Multi-Family
1,983
Businesses
1,282
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Single Family
Built in 1953
8,698 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 66061, Olathe, KS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 26,167 (100%) |
| Owner Occupied HU | 17,671 (67.5%) |
| Renter Occupied HU | 7,349 (28.1%) |
| Vacant Housing Units | 1,147 ( 4.4%) |
| Median Home Value | $387,338 |
| Average Home Value | $426,529 |
Housing Distribution
Address Breakdown
Residential
25,559
Single Family
23,576
Multi-Family
1,983
Businesses
1,282
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices