172nd Terrace & Lackman #T2M4T1OlatheKS66062
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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 172nd Terrace & Lackman #T2M4T1, Olathe, KS, 66062 generates $4,126/mo in rent, after a $3,121/mo payment. Total monthly income is $4,126/mo. Return on cash invested sits at 19.4% in year one, and rental yield is 7.76% on a $637,700 entry. Equity gained on principal adds $4,115/yr, while 5% annual appreciation builds toward $176,185 over five years. Five-year ROI reaches 100.67% and total cumulative return in cash sums $211,204. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $4,126/mo property income rather than buyer’s personal income.
Single Family
Built in 2023
N/A 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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