3408 E 62nd StKansas CityMO64130
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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 3408 E 62nd St, Kansas City, MO, 64130 generates $1,500/mo in rent and, after a $773/mo payment, leaves $516/mo in cash flow. Total monthly income is $1,500/mo, and annual cash flow is $6,196/yr on $52,377 invested. Return on cash invested sits at 31.74% in year one, and rental yield is 11.39% on a $158,000 entry. Equity gained on principal adds $1,020/yr, while 5% annual appreciation builds toward $43,652 over five years. Five-year ROI reaches 166.37% and total cumulative return in cash sums $87,142. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,500/mo property income rather than buyer’s personal income.
Multi Family
Built in 1915
7,038 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 64130, Kansas City, MO area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,599 (100%) |
| Owner Occupied HU | 4,183 (39.5%) |
| Renter Occupied HU | 4,652 (43.9%) |
| Vacant Housing Units | 1,764 (16.6%) |
| Median Home Value | $71,096 |
| Average Home Value | $137,305 |
Housing Distribution
Address Breakdown
Residential
9,422
Single Family
8,823
Multi-Family
599
Businesses
514
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Listed by: Kymberly Griggsby • AUI Realty
Mls Name: Heartland MLS as distributed by MLS GRID
Mls ID: #2568567