1618 E Cedar PlOlatheKS66062
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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 1618 E Cedar Pl, Olathe, KS, 66062 offers a 10.98% rental yield on a $268,000 purchase with $2,452/mo rent. Total monthly income registers $2,452/mo, and a $1,312/mo payment leaves $669/mo available for distribution. Annual cash flow reaches $8,025/yr on $88,842 to close, and return on cash invested stands at 28.94% in year one. Equity gained on principal adds $1,729/yr while 5% annual appreciation supports $74,043 over five years. Portfolio math shows five-year ROI at 151.91% and total cumulative return in cash at $134,961. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,452/mo property income against a $1,312/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Townhouse
Built in 1974
5,514 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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