1316 E 123rd Ter APT COlatheKS66061
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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 1316 E 123rd Ter APT C, Olathe, KS, 66061 uses $64,609 cash to close to unlock $2,896/yr annual cash flow and $241/mo monthly cash flow. Total monthly income runs $1,538/mo, and a $954/mo payment keeps the spread at $241/mo. Purchase price stands at $194,900, and rental yield measures 9.47% with $1,538/mo rent. Return on cash invested shows 24.39% in year one, and 5% annual appreciation builds toward $53,847 over five years. Five-year ROI reaches 127.55% and total cumulative return in cash records $82,407. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,538/mo property income covering a $954/mo payment rather than investor’s personal income.
Townhouse
Built in 1981
2,650 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 66061, Olathe, KS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 26,167 (100%) |
| Owner Occupied HU | 17,671 (67.5%) |
| Renter Occupied HU | 7,349 (28.1%) |
| Vacant Housing Units | 1,147 ( 4.4%) |
| Median Home Value | $387,338 |
| Average Home Value | $426,529 |
Housing Distribution
Address Breakdown
Residential
25,559
Single Family
23,576
Multi-Family
1,983
Businesses
1,282
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