3203 NE 56th StKansas CityMO64119
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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 3203 NE 56th St, Kansas City, MO, 64119 generates $1,909/mo in rent and, after a $1,101/mo payment, leaves $508/mo in cash flow. Total monthly income is $1,909/mo, and annual cash flow is $6,096/yr on $74,588 invested. Return on cash invested sits at 28.08% in year one, and rental yield is 10.18% on a $225,000 entry. Equity gained on principal adds $1,452/yr, while 5% annual appreciation builds toward $62,163 over five years. Five-year ROI reaches 146.72% and total cumulative return in cash sums $109,437. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,909/mo property income rather than buyer’s personal income.
Single Family
Built in 1940
9,583 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 64119, Kansas City, MO area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,373 (100%) |
| Owner Occupied HU | 9,756 (73.0%) |
| Renter Occupied HU | 3,100 (23.2%) |
| Vacant Housing Units | 517 ( 3.9%) |
| Median Home Value | $269,291 |
| Average Home Value | $306,353 |
Housing Distribution
Address Breakdown
Residential
13,530
Single Family
12,513
Multi-Family
1,017
Businesses
645
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Listed by: Malinda Alexander • ReeceNichols - Parkville
Mls Name: Heartland MLS as distributed by MLS GRID
Mls ID: #2586548