3838 Rainbow Blvd #304Kansas CityKS66106
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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
Investment property for sale in Kansas City at 3838 Rainbow Blvd #304, Kansas City, KS, 66106 offers a 8.08% rental yield on a $185,000 purchase with $1,246/mo rent. Total monthly income registers $1,246/mo, and a $905/mo payment leaves $16/mo available for distribution. Annual cash flow reaches $188/yr on $61,328 to close, and return on cash invested stands at 20.22% in year one. Equity gained on principal adds $1,194/yr while 5% annual appreciation supports $51,112 over five years. Portfolio math shows five-year ROI at 105.12% and total cumulative return in cash at $64,467. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,246/mo property income against a $905/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 1972
436 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 66106, Kansas City, KS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,027 (100%) |
| Owner Occupied HU | 5,382 (59.6%) |
| Renter Occupied HU | 3,019 (33.4%) |
| Vacant Housing Units | 626 ( 6.9%) |
| Median Home Value | $189,878 |
| Average Home Value | $233,489 |
Housing Distribution
Address Breakdown
Residential
8,920
Single Family
8,529
Multi-Family
391
Businesses
557
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Listed by: Jo Chavez • Redfin Corporation
Mls Name: Heartland MLS as distributed by MLS GRID
Mls ID: #2578715