1138 NE Mulberry StLees SummitMO64086
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
Investment Highlights
Investment property for sale in Lees Summit at 1138 NE Mulberry St, Lees Summit, MO, 64086 uses $112,710 cash to close to unlock $4,196/yr annual cash flow and $350/mo monthly cash flow. Total monthly income runs $2,467/mo, and a $1,664/mo payment keeps the spread at $350/mo. Purchase price stands at $340,000, and rental yield measures 8.71% with $2,467/mo rent. Return on cash invested shows 23.63% in year one, and 5% annual appreciation builds toward $93,936 over five years. Five-year ROI reaches 122.86% and total cumulative return in cash records $138,474. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,467/mo property income covering a $1,664/mo payment rather than investor’s personal income.
Single Family
Built in 1986
8,352 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 64086, Lees Summit, MO area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,541 (100%) |
| Owner Occupied HU | 6,924 (65.7%) |
| Renter Occupied HU | 2,814 (26.7%) |
| Vacant Housing Units | 803 ( 7.6%) |
| Median Home Value | $322,130 |
| Average Home Value | $384,189 |
Housing Distribution
Address Breakdown
Residential
10,279
Single Family
9,416
Multi-Family
863
Businesses
621
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Listed by: Michele Parrish • Keller Williams Realty Partners Inc.
Mls Name: Heartland MLS as distributed by MLS GRID
Mls ID: #2587420