1246 E Meadow LnOlatheKS66062
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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 1246 E Meadow Ln, Olathe, KS, 66062 uses $145,860 cash to close to unlock $1,588/yr annual cash flow and $132/mo monthly cash flow. Total monthly income runs $3,060/mo, and a $2,154/mo payment keeps the spread at $132/mo. Purchase price stands at $440,000, and rental yield measures 8.35% with $3,060/mo rent. Return on cash invested shows 21% in year one, and 5% annual appreciation builds toward $121,564 over five years. Five-year ROI reaches 109.3% and total cumulative return in cash records $159,430. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,060/mo property income covering a $2,154/mo payment rather than investor’s personal income.
Single Family
Built in 1994
10,454 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 66062, Olathe, KS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 30,031 (100%) |
| Owner Occupied HU | 20,933 (69.7%) |
| Renter Occupied HU | 8,237 (27.4%) |
| Vacant Housing Units | 861 ( 2.9%) |
| Median Home Value | $371,271 |
| Average Home Value | $410,243 |
Housing Distribution
Address Breakdown
Residential
29,679
Single Family
25,578
Multi-Family
4,101
Businesses
1,625
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