500 S Cardinal DrOlatheKS66062
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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 500 S Cardinal Dr, Olathe, KS, 66062 at $340,400 posts ROI 22.57% with $250/mo cash flow from $2,515/mo rent. Total monthly income equals $2,515/mo, and annual cash flow records $3,006/yr on $112,843 to close. Return on cash invested measures 22.57% and rental yield reads 8.87% at the current $340,400. Equity gained on principal adds $2,197/yr, and 5% annual appreciation supports $94,046 by year five. Five-year ROI prints 117.74% and total cumulative return in cash totals $132,864.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $2,515/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1971
8,768 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 66062, Olathe, KS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 30,031 (100%) |
| Owner Occupied HU | 20,933 (69.7%) |
| Renter Occupied HU | 8,237 (27.4%) |
| Vacant Housing Units | 861 ( 2.9%) |
| Median Home Value | $371,271 |
| Average Home Value | $410,243 |
Housing Distribution
Address Breakdown
Residential
29,679
Single Family
25,578
Multi-Family
4,101
Businesses
1,625
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