2005 Spruce AveKansas CityMO64127
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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 Kansas City at 2005 Spruce Ave, Kansas City, MO, 64127 uses $51,383 cash to close to unlock $3,232/yr annual cash flow and $269/mo monthly cash flow. Total monthly income runs $1,235/mo, and a $759/mo payment keeps the spread at $269/mo. Purchase price stands at $155,000, and rental yield measures 9.56% with $1,235/mo rent. Return on cash invested shows 26.2% in year one, and 5% annual appreciation builds toward $42,824 over five years. Five-year ROI reaches 136.68% and total cumulative return in cash records $70,228. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,235/mo property income covering a $759/mo payment rather than investor’s personal income.
Single Family
Built in 1914
4,216 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 64127, Kansas City, MO area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,204 (100%) |
| Owner Occupied HU | 2,667 (32.5%) |
| Renter Occupied HU | 3,869 (47.2%) |
| Vacant Housing Units | 1,668 (20.3%) |
| Median Home Value | $76,074 |
| Average Home Value | $137,969 |
Housing Distribution
Address Breakdown
Residential
6,703
Single Family
5,940
Multi-Family
763
Businesses
607
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Listed by: We Heart Homes Team • EXP Realty LLC
Mls Name: Heartland MLS as distributed by MLS GRID
Mls ID: #2589286