1020 SE 11th StLees SummitMO64081
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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 1020 SE 11th St, Lees Summit, MO, 64081 uses $109,229 cash to close to unlock $488/yr annual cash flow and $41/mo monthly cash flow. Total monthly income runs $2,093/mo, and a $1,613/mo payment keeps the spread at $41/mo. Purchase price stands at $329,500, and rental yield measures 7.62% with $2,093/mo rent. Return on cash invested shows 20.36% in year one, and 5% annual appreciation builds toward $91,035 over five years. Five-year ROI reaches 105.3% and total cumulative return in cash records $115,018. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,093/mo property income covering a $1,613/mo payment rather than investor’s personal income.
Single Family
Built in 1995
8,367 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 64081, Lees Summit, MO area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,912 (100%) |
| Owner Occupied HU | 7,707 (64.7%) |
| Renter Occupied HU | 3,338 (28.0%) |
| Vacant Housing Units | 867 ( 7.3%) |
| Median Home Value | $331,646 |
| Average Home Value | $362,123 |
Housing Distribution
Address Breakdown
Residential
10,542
Single Family
9,304
Multi-Family
1,238
Businesses
538
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Listed by: Kara Kenton-Long • Realty Executives
Mls Name: Heartland MLS as distributed by MLS GRID
Mls ID: #2576050