3109 Iron Horse CtOverland ParkKS66224
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
Investment Highlights
Rental property for sale in Overland Park at 3109 Iron Horse Ct, Overland Park, KS, 66224 offers $1,714/mo rent that, after a $8,688/mo payment. Total monthly income is $1,714/mo. Return on cash invested measures -0.69% in year one, and rental yield stands at 1.16% at a $1,775,000 entry. Equity gained on principal adds $11,454/yr while 5% annual appreciation compounds into $490,400 by year five. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,714/mo property income versus a $8,688/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1997
0.36 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 66224, Shawnee Mission, KS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,295 (100%) |
| Owner Occupied HU | 4,236 (80.0%) |
| Renter Occupied HU | 742 (14.0%) |
| Vacant Housing Units | 317 ( 6.0%) |
| Median Home Value | $667,796 |
| Average Home Value | $754,644 |
Housing Distribution
Address Breakdown
Residential
5,210
Single Family
4,602
Multi-Family
608
Businesses
199
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Kristin Malfer • Compass Realty Group
Mls Name: HKMMLS as distributed by MLS GRID
Mls Provider:
Mls ID: #2521784
Disclaimer: Based on information submitted to the MLS GRID as of 2024-01-26 09:44:00 PST. 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](/info/mls-disclaimers/#mls_45) Listing Information presented by local MLS brokerage: Zillow, Inc., local REALTOR- Terry York - (913) 213-6604