10216 W 60th TerMerriamKS66203
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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
Rental property for sale in Merriam at 10216 W 60th Ter, Merriam, KS, 66203 generates $2,120/mo in rent and, after a $1,227/mo payment, leaves $452/mo in cash flow. Total monthly income is $2,120/mo, and annual cash flow is $5,428/yr on $83,074 invested. Return on cash invested sits at 26.44% in year one, and rental yield is 10.15% on a $250,600 entry. Equity gained on principal adds $1,617/yr, while 5% annual appreciation builds toward $69,236 over five years. Five-year ROI reaches 138.52% and total cumulative return in cash sums $115,074. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,120/mo property income rather than buyer’s personal income.
Single Family
Built in 1941
0.30 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 66203, Shawnee Mission, KS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,296 (100%) |
| Owner Occupied HU | 5,413 (58.2%) |
| Renter Occupied HU | 3,510 (37.8%) |
| Vacant Housing Units | 373 ( 4.0%) |
| Median Home Value | $267,505 |
| Average Home Value | $315,510 |
Housing Distribution
Address Breakdown
Residential
8,774
Single Family
7,745
Multi-Family
1,029
Businesses
846
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