229 Ward Pkwy APT 604BKansas CityMO64112
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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 Kansas City at 229 Ward Pkwy APT 604B, Kansas City, MO, 64112 generates $1,849/mo in rent, after a $3,181/mo payment. Total monthly income is $1,849/mo. Return on cash invested sits at 7.72% in year one, and rental yield is 3.41% on a $650,000 entry. Equity gained on principal adds $4,194/yr, while 5% annual appreciation builds toward $179,583 over five years. Five-year ROI reaches 37.52% and total cumulative return in cash sums $80,246. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,849/mo property income rather than buyer’s personal income.
Condo
Built in 1929
1,524 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 64112, Kansas City, MO area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,278 (100%) |
| Owner Occupied HU | 2,231 (35.5%) |
| Renter Occupied HU | 3,188 (50.8%) |
| Vacant Housing Units | 859 (13.7%) |
| Median Home Value | $493,820 |
| Average Home Value | $629,630 |
Housing Distribution
Address Breakdown
Residential
5,727
Single Family
2,006
Multi-Family
3,721
Businesses
536
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Listed by: James LeBow • Compass Realty Group
Mls Name: Heartland MLS as distributed by MLS GRID
Mls ID: #2589047