403 SE Howard AveLees SummitMO64063
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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 403 SE Howard Ave, Lees Summit, MO, 64063 priced at $299,999 pairs $2,382/mo rent with $514/mo cash flow after a $1,468/mo payment. Total monthly income equals $2,382/mo, and annual cash flow comes to $6,168/yr on $99,450 invested. Return on cash invested is 26.11% in year one, and rental yield stands at 9.53% on a $299,999 basis. Equity gained on principal adds $1,936/yr, and 5% annual appreciation accumulates to $82,884 by year five. Five-year ROI measures 136.13% and total cumulative return in cash reaches $135,384. For financing, Ziffy Mortgage’s DSCR program evaluates $2,382/mo property income against a $1,468/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1962
0.40 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 64063, Lees Summit, MO area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,897 (100%) |
| Owner Occupied HU | 5,603 (63.0%) |
| Renter Occupied HU | 2,937 (33.0%) |
| Vacant Housing Units | 357 ( 4.0%) |
| Median Home Value | $276,700 |
| Average Home Value | $301,397 |
Housing Distribution
Address Breakdown
Residential
8,480
Single Family
8,176
Multi-Family
304
Businesses
1,302
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Listed by: Charles Dimarco • HomeSmart Legacy
Mls Name: Heartland MLS as distributed by MLS GRID
Mls ID: #2595155