11224 Nieman Rd APT 202Overland ParkKS66210
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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 Overland Park at 11224 Nieman Rd APT 202, Overland Park, KS, 66210 generates $1,465/mo in rent and, after a $905/mo payment, leaves $235/mo in cash flow. Total monthly income is $1,465/mo, and annual cash flow is $2,816/yr on $61,328 invested. Return on cash invested sits at 24.5% in year one, and rental yield is 9.5% on a $185,000 entry. Equity gained on principal adds $1,194/yr, while 5% annual appreciation builds toward $51,112 over five years. Five-year ROI reaches 128.07% and total cumulative return in cash sums $78,543. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,465/mo property income rather than buyer’s personal income.
Condo
Built in 1986
1,091 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 66210, Shawnee Mission, KS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,556 (100%) |
| Owner Occupied HU | 4,866 (50.9%) |
| Renter Occupied HU | 4,311 (45.1%) |
| Vacant Housing Units | 379 ( 4.0%) |
| Median Home Value | $358,108 |
| Average Home Value | $370,700 |
Housing Distribution
Address Breakdown
Residential
9,399
Single Family
6,368
Multi-Family
3,031
Businesses
1,201
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Listed by: Dan Hilgedick • ReeceNichols - Eastland
Mls Name: Heartland MLS as distributed by MLS GRID
Mls ID: #2579513