2404 SW Hickory LnLees SummitMO64082
INVESTMENT ANALYSIS
Investment Verdict
Steady Equity BuilderFor first-time U.S. investors or those diversifying conservatively, 2404 SW Hickory Ln, Lees Summit, MO, 64082 in Lees Summit offers a clean, manageable entry. Rental yield 7.03%. DSCR 1.30 qualifies for Ziffy Mortgage's no-W2 mortgage for non-U.S. residents. Long-term: 5% annual appreciation projects $143,666 in additional property value over five years, with $4,789/yr in principal equity building ownership stake. Total projected cumulative return: $184,902.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 7% | 6.5% |
| Monthly Cash Flow | $(192) | $450 |
City averages based on Lees Summit market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $3,046 |
| Total Monthly Debt Service | $3,032 |
| DSCR Ratio | 1.00x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in N/A
0.26 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 64082, Lees Summit, MO area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,912 (100%) |
| Owner Occupied HU | 5,820 (84.2%) |
| Renter Occupied HU | 915 (13.2%) |
| Vacant Housing Units | 177 ( 2.6%) |
| Median Home Value | $389,098 |
| Average Home Value | $408,603 |
Housing Distribution
Address Breakdown
Residential
7,178
Single Family
6,643
Multi-Family
535
Businesses
159
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Single Family
Built in N/A
0.26 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 64082, Lees Summit, MO area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,912 (100%) |
| Owner Occupied HU | 5,820 (84.2%) |
| Renter Occupied HU | 915 (13.2%) |
| Vacant Housing Units | 177 ( 2.6%) |
| Median Home Value | $389,098 |
| Average Home Value | $408,603 |
Housing Distribution
Address Breakdown
Residential
7,178
Single Family
6,643
Multi-Family
535
Businesses
159
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Laith Alabidi • ReeceNichols - Lees Summit
Mls Name: Heartland MLS as distributed by MLS GRID
Mls ID: #2585086