1610 E Elm TerOlatheKS66062
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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 1610 E Elm Ter, Olathe, KS, 66062 generates $1,913/mo in rent and, after a $1,263/mo payment, leaves $196/mo in cash flow. Total monthly income is $1,913/mo, and annual cash flow is $2,356/yr on $85,527 invested. Return on cash invested sits at 22.66% in year one, and rental yield is 8.9% on a $258,000 entry. Equity gained on principal adds $1,665/yr, while 5% annual appreciation builds toward $71,281 over five years. Five-year ROI reaches 118.25% and total cumulative return in cash sums $101,138. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,913/mo property income rather than buyer’s personal income.
Single Family
Built in 1976
4,658 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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