4309 McGee St APT 3NKansas CityMO64111
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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 4309 McGee St APT 3N, Kansas City, MO, 64111 generates $1,900/mo in rent and, after a $1,021/mo payment, leaves $50/mo in cash flow. Total monthly income is $1,900/mo, and annual cash flow is $600/yr on $69,118 invested. Return on cash invested sits at 20.78% in year one, and rental yield is 10.94% on a $208,500 entry. Equity gained on principal adds $1,345/yr, while 5% annual appreciation builds toward $57,605 over five years. Five-year ROI reaches 110.99% and total cumulative return in cash sums $76,717. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,900/mo property income rather than buyer’s personal income.
Condo
Built in 1922
1,110 sqft lot
$N/A/sqft
$551 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 64111, Kansas City, MO area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,258 (100%) |
| Owner Occupied HU | 2,907 (21.9%) |
| Renter Occupied HU | 8,350 (63.0%) |
| Vacant Housing Units | 2,001 (15.1%) |
| Median Home Value | $328,979 |
| Average Home Value | $370,306 |
Housing Distribution
Address Breakdown
Residential
11,747
Single Family
6,113
Multi-Family
5,634
Businesses
1,267
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Listed by: Courtney Kraus • Brookside Real Estate Co.
Mls Name: HKMMLS as distributed by MLS GRID
Mls Provider:
Mls ID: #2508728
Disclaimer: Based on information submitted to the MLS GRID as of 2024-01-26 09:44:00 PST. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website. Prices displayed on all Sold listings are the Last Known Listing Price and may not be the actual selling price. [Click here for more information](/info/mls-disclaimers/#mls_45) Listing Information presented by local MLS brokerage: Zillow, Inc., local REALTOR- Terry York - (913) 213-6604