2407 NE 68th StGladstoneMO64118
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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 Gladstone at 2407 NE 68th St, Gladstone, MO, 64118 uses $56,024 cash to close to unlock $4,004/yr annual cash flow and $334/mo monthly cash flow. Total monthly income runs $1,386/mo, and a $827/mo payment keeps the spread at $334/mo. Purchase price stands at $169,000, and rental yield measures 9.84% with $1,386/mo rent. Return on cash invested shows 27.06% in year one, and 5% annual appreciation builds toward $46,692 over five years. Five-year ROI reaches 141.25% and total cumulative return in cash records $79,135. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,386/mo property income covering a $827/mo payment rather than investor’s personal income.
Condo
Built in 2003
1,076 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 64118, Kansas City, MO area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 19,423 (100%) |
| Owner Occupied HU | 11,363 (58.5%) |
| Renter Occupied HU | 7,336 (37.8%) |
| Vacant Housing Units | 724 ( 3.7%) |
| Median Home Value | $251,319 |
| Average Home Value | $291,192 |
Housing Distribution
Address Breakdown
Residential
19,225
Single Family
16,463
Multi-Family
2,762
Businesses
858
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