16404 Covey LnBonner SpringsKS66012
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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 Bonner Springs at 16404 Covey Ln, Bonner Springs, KS, 66012 earns $853/mo cash flow from $3,840/mo rent with a $2,198/mo payment. Total monthly income totals $3,840/mo, and annual cash flow totals $10,230/yr on $148,844 capital. ROI tracks 26.78% on current figures, and rental yield reads 10.26% at a $449,000 purchase. Equity gained on principal adds $2,897/yr, and 5% annual appreciation supports $124,050 over five years. Five-year ROI reaches 140.31% and total cumulative return in cash sums $208,840. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $3,840/mo property income instead of your personal income.
Single Family
Built in 1986
3.71 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 66012, Bonner Springs, KS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,061 (100%) |
| Owner Occupied HU | 2,819 (69.4%) |
| Renter Occupied HU | 1,049 (25.8%) |
| Vacant Housing Units | 193 ( 4.8%) |
| Median Home Value | $298,706 |
| Average Home Value | $349,087 |
Housing Distribution
Address Breakdown
Residential
3,950
Single Family
3,795
Multi-Family
155
Businesses
364
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Listed by: Lisa Sanesanong • United Real Estate Kansas City
Mls Name: Heartland MLS as distributed by MLS GRID
Mls ID: #2596882