1236 NE Florence AveLees 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 1236 NE Florence Ave, Lees Summit, MO, 64086 offers a 10.69% rental yield on a $277,000 purchase with $2,467/mo rent. Total monthly income registers $2,467/mo, and a $1,356/mo payment leaves $742/mo available for distribution. Annual cash flow reaches $8,900/yr on $91,826 to close, and return on cash invested stands at 29.6% in year one. Equity gained on principal adds $1,787/yr while 5% annual appreciation supports $76,530 over five years. Portfolio math shows five-year ROI at 154.88% and total cumulative return in cash at $142,215. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,467/mo property income against a $1,356/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1987
8,107 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Bradley Zollars • ReeceNichols- Leawood Town Center
Mls Name: Heartland MLS as distributed by MLS GRID
Mls ID: #2577355