4005 NE Apple Grove DrLees SummitMO64064
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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 Lees Summit at 4005 NE Apple Grove Dr, Lees Summit, MO, 64064 priced at $764,900 converts $3,300/mo rent into after a $3,744/mo obligation. Total monthly income equals $3,300/mo. Return on cash invested prints 13.08% in year one, and rental yield reads 5.18% against a $764,900 entry. Equity gained on principal adds $4,936/yr, while 5% annual appreciation compiles into $211,328 by year five. Five-year ROI reaches 66.25% and total cumulative return in cash sums $166,720. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,300/mo property income covering a $3,744/mo payment, not borrower’s personal income.
Single Family
Built in N/A
0.26 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 64064, Lees Summit, MO area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,870 (100%) |
| Owner Occupied HU | 6,207 (78.9%) |
| Renter Occupied HU | 1,323 (16.8%) |
| Vacant Housing Units | 340 ( 4.3%) |
| Median Home Value | $392,570 |
| Average Home Value | $428,192 |
Housing Distribution
Address Breakdown
Residential
8,256
Single Family
8,031
Multi-Family
225
Businesses
684
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Listed by: Kelly Shumway • Weichert, Realtors Welch & Com
Mls Name: Heartland MLS as distributed by MLS GRID
Mls ID: #2562908