308 W 8th St APT 509Kansas CityMO64105
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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 308 W 8th St APT 509, Kansas City, MO, 64105 generates $1,516/mo in rent, after a $857/mo payment. Total monthly income is $1,516/mo. Return on cash invested sits at 12.87% in year one, and rental yield is 10.4% on a $175,000 entry. Equity gained on principal adds $1,129/yr, while 5% annual appreciation builds toward $48,349 over five years. Five-year ROI reaches 70.92% and total cumulative return in cash sums $41,143. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,516/mo property income rather than buyer’s personal income.
Condo
Built in 1888
870 sqft lot
$N/A/sqft
$650 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 64105, Kansas City, MO area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,927 (100%) |
| Owner Occupied HU | 474 ( 9.6%) |
| Renter Occupied HU | 3,922 (79.6%) |
| Vacant Housing Units | 531 (10.8%) |
| Median Home Value | $279,375 |
| Average Home Value | $315,677 |
Housing Distribution
Address Breakdown
Residential
5,754
Single Family
791
Multi-Family
4,963
Businesses
512
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Nearby investment properties with comparable prices
Listed by: Urban Cool KC Team • KW KANSAS CITY METRO
Mls Name: Heartland MLS as distributed by MLS GRID
Mls Provider:
Mls ID: #2583668
Disclaimer: Based on information submitted to the MLS GRID as of 2025-10-27 10:23:02 PDT. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website. Prices displayed on all Sold listings are the Last Known Listing Price and may not be the actual selling price. [Click here for more information](/mls-disclaimers/#45) Listing Information presented by local MLS brokerage: Zillow, Inc., local REALTOR- Terry York - (913) 213-6604