414 S 3rd StreetOlatheCO81425
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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 Olathe at 414 S 3rd Street, Olathe, CO, 81425 uses $48,896 cash to close to unlock $3,184/yr annual cash flow and $265/mo monthly cash flow. Total monthly income runs $1,125/mo, and a $722/mo payment keeps the spread at $265/mo. Purchase price stands at $147,500, and rental yield measures 9.15% with $1,125/mo rent. Return on cash invested shows 26.42% in year one, and 5% annual appreciation builds toward $40,752 over five years. Five-year ROI reaches 137.34% and total cumulative return in cash records $67,153. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,125/mo property income covering a $722/mo payment rather than investor’s personal income.
Single Family
Built in 1898
9,365 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 81425, Olathe, CO area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,009 (100%) |
| Owner Occupied HU | 1,304 (64.9%) |
| Renter Occupied HU | 545 (27.1%) |
| Vacant Housing Units | 160 ( 8.0%) |
| Median Home Value | $418,229 |
| Average Home Value | $540,619 |
Housing Distribution
Address Breakdown
Residential
1,337
Single Family
1,337
Multi-Family
0
Businesses
104
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