1228 Richmond AveKansas CityKS66104
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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 Kansas City at 1228 Richmond Ave, Kansas City, KS, 66104 uses $49,725 cash to close to unlock $2,247/yr annual cash flow and $187/mo monthly cash flow. Total monthly income runs $1,185/mo, and a $734/mo payment keeps the spread at $187/mo. Purchase price stands at $150,000, and rental yield measures 9.48% with $1,185/mo rent. Return on cash invested shows 24.43% in year one, and 5% annual appreciation builds toward $41,442 over five years. Five-year ROI reaches 127.75% and total cumulative return in cash records $63,522. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,185/mo property income covering a $734/mo payment rather than investor’s personal income.
Single Family
Built in 1900
6,403 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 66104, Kansas City, KS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,802 (100%) |
| Owner Occupied HU | 5,886 (54.5%) |
| Renter Occupied HU | 3,717 (34.4%) |
| Vacant Housing Units | 1,199 (11.1%) |
| Median Home Value | $138,574 |
| Average Home Value | $163,568 |
Housing Distribution
Address Breakdown
Residential
10,088
Single Family
9,760
Multi-Family
328
Businesses
289
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Listed by: Tom Funkhouser • ReeceNichols-KCN
Mls Name: Heartland MLS as distributed by MLS GRID
Mls ID: #2583739