203 NE Shoreview DrLees SummitMO64064
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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 Lees Summit at 203 NE Shoreview Dr, Lees Summit, MO, 64064 offers $3,300/mo rent that, after a $2,883/mo payment. Total monthly income is $3,300/mo. Return on cash invested measures 17.78% in year one, and rental yield stands at 6.72% at a $589,000 entry. Equity gained on principal adds $3,801/yr while 5% annual appreciation compounds into $162,730 by year five. Five-year ROI records 91.44% and total cumulative return in cash reaches $177,194. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $3,300/mo property income versus a $2,883/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1980
0.29 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 64064, Lees Summit, MO area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,870 (100%) |
| Owner Occupied HU | 6,207 (78.9%) |
| Renter Occupied HU | 1,323 (16.8%) |
| Vacant Housing Units | 340 ( 4.3%) |
| Median Home Value | $392,570 |
| Average Home Value | $428,192 |
Housing Distribution
Address Breakdown
Residential
8,256
Single Family
8,031
Multi-Family
225
Businesses
684
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Listed by: Aaron Potter • EXP Realty LLC
Mls Name: Heartland MLS as distributed by MLS GRID
Mls ID: #2578210