2940 Baltimore Ave APT 1404Kansas CityMO64108
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeThe cash-flow margin at 2940 Baltimore Ave APT 1404, Kansas City, MO, 64108 in Kansas City is narrow, $2/mo net on $1,799/mo rent after the $1,011/mo debt service, but the property operates at break-even-plus, not a loss. At $224,900 with a 9.6% yield, the long-run equity case via 5% appreciation ($62,136 over five years) and $2,071/yr in principal paydown is where the returns accumulate. Ziffy Mortgage's 1.78 DSCR loan requires no W-2s or U.S. credit. Total projected cumulative return: $111,015.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 9.6% | 6.2% |
| Monthly Cash Flow | $2 | $300 |
City averages based on Kansas City market data in our database. Property projections are estimates.
DSCR Rental Loan Qualification
Qualifies using the property's rental income, not your personal income.
- ✓No W-2, pay stubs, or tax returns needed
- ✓Rental income qualifies you
- ✓Built for real estate investors
| Monthly Rental Income | $1,799 |
| Total Monthly Debt Service | $1,311 |
| DSCR Ratio | 1.37x |
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.
Condo
Built in 2013
781 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 64108, Kansas City, MO area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,827 (100%) |
| Owner Occupied HU | 1,691 (21.6%) |
| Renter Occupied HU | 4,865 (62.2%) |
| Vacant Housing Units | 1,271 (16.2%) |
| Median Home Value | $355,447 |
| Average Home Value | $388,527 |
Housing Distribution
Address Breakdown
Residential
7,175
Single Family
3,414
Multi-Family
3,761
Businesses
1,509
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
Condo
Built in 2013
781 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 64108, Kansas City, MO area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,827 (100%) |
| Owner Occupied HU | 1,691 (21.6%) |
| Renter Occupied HU | 4,865 (62.2%) |
| Vacant Housing Units | 1,271 (16.2%) |
| Median Home Value | $355,447 |
| Average Home Value | $388,527 |
Housing Distribution
Address Breakdown
Residential
7,175
Single Family
3,414
Multi-Family
3,761
Businesses
1,509
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: N/A • N/A
Mls Name: Heartland MLS as distributed by MLS GRID
Mls ID: #2616240