308 W 8th St APT 513Kansas 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 513, Kansas City, MO, 64105 generates $2,248/mo in rent and, after a $1,219/mo payment, leaves $697/mo in cash flow. Total monthly income is $2,248/mo, and annual cash flow is $8,364/yr on $82,544 invested. Return on cash invested sits at 30.04% in year one, and rental yield is 10.83% on a $249,000 entry. Equity gained on principal adds $1,607/yr, while 5% annual appreciation builds toward $68,794 over five years. Five-year ROI reaches 157.22% and total cumulative return in cash sums $129,776. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,248/mo property income rather than buyer’s personal income.
Condo
Built in N/A
1,244 sqft lot
$N/A/sqft
No 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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Listed by: Melissa Martin • Kansas City Realty
Mls Name: Heartland MLS as distributed by MLS GRID
Mls ID: #2595597