504 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 504 S Cardinal Dr, Olathe, KS, 66062 with 5% annual appreciation on a $348,888 basis while $3,060/mo rent supports operations. Total monthly income totals $3,060/mo and a $1,708/mo payment preserves $739/mo for cash returns. Annual cash flow comes to $8,862/yr on $115,656 deployed, and return on cash invested reaches 27.57% in year one. Equity gained on principal adds $2,251/yr, and five-year appreciation sums $96,391 alongside rental yield of 10.52%. Five-year ROI measures 144.55% and total cumulative return in cash totals $167,185.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $3,060/mo property income versus a $1,708/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1971
8,764 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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