513 E Poplar StOlatheKS66061
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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 513 E Poplar St, Olathe, KS, 66061 offers a 9.5% rental yield on a $250,000 purchase with $1,980/mo rent. Total monthly income registers $1,980/mo, and a $1,224/mo payment leaves $316/mo available for distribution. Annual cash flow reaches $3,797/yr on $82,875 to close, and return on cash invested stands at 24.49% in year one. Equity gained on principal adds $1,613/yr while 5% annual appreciation supports $69,070 over five years. Portfolio math shows five-year ROI at 128.04% and total cumulative return in cash at $106,114. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,980/mo property income against a $1,224/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1950
0.28 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 66061, Olathe, KS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 26,167 (100%) |
| Owner Occupied HU | 17,671 (67.5%) |
| Renter Occupied HU | 7,349 (28.1%) |
| Vacant Housing Units | 1,147 ( 4.4%) |
| Median Home Value | $387,338 |
| Average Home Value | $426,529 |
Housing Distribution
Address Breakdown
Residential
25,559
Single Family
23,576
Multi-Family
1,983
Businesses
1,282
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