503 Monroe AveKansas CityMO64124
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 503 Monroe Ave, Kansas City, MO, 64124 offers $1,124/mo rent that, after a $685/mo payment, leaves $252/mo cash flow. Total monthly income is $1,124/mo, and annual cash flow is $3,028/yr on $46,410 cash. Return on cash invested measures 26.43% in year one, and rental yield stands at 9.63% at a $140,000 entry. Equity gained on principal adds $903/yr while 5% annual appreciation compounds into $38,679 by year five. Five-year ROI records 137.94% and total cumulative return in cash reaches $64,018. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,124/mo property income versus a $685/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1910
3,002 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 64124, Kansas City, MO area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,097 (100%) |
| Owner Occupied HU | 1,902 (37.3%) |
| Renter Occupied HU | 2,378 (46.7%) |
| Vacant Housing Units | 817 (16.0%) |
| Median Home Value | $114,201 |
| Average Home Value | $172,546 |
Housing Distribution
Address Breakdown
Residential
4,735
Single Family
3,834
Multi-Family
901
Businesses
241
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Listed by: Cari Pruessner • Realty ONE Group Esteem
Mls Name: Heartland MLS as distributed by MLS GRID
Mls ID: #2583187