1028 W Fairwood LnOlatheKS66061
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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 Olathe at 1028 W Fairwood Ln, Olathe, KS, 66061 with 5% annual appreciation on a $277,800 basis while $2,242/mo rent supports operations. Total monthly income totals $2,242/mo and a $1,360/mo payment preserves $394/mo for cash returns. Annual cash flow comes to $4,722/yr on $92,091 deployed, and return on cash invested reaches 25.04% in year one. Equity gained on principal adds $1,793/yr, and five-year appreciation sums $76,751 alongside rental yield of 9.68%. Five-year ROI measures 130.97% and total cumulative return in cash totals $120,614.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $2,242/mo property income versus a $1,360/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1967
9,583 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
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