1505 W Forest DrOlatheKS66061
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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
Rental property for sale in Olathe at 1505 W Forest Dr, Olathe, KS, 66061 generates $2,402/mo in rent and, after a $1,752/mo payment, leaves $21/mo in cash flow. Total monthly income is $2,402/mo, and annual cash flow is $248/yr on $118,644 invested. Return on cash invested sits at 20.12% in year one, and rental yield is 8.05% on a $357,900 entry. Equity gained on principal adds $2,309/yr, while 5% annual appreciation builds toward $98,881 over five years. Five-year ROI reaches 104.57% and total cumulative return in cash sums $124,066. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,402/mo property income rather than buyer’s personal income.
Single Family
Built in 1994
8,712 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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