602 SE 4th TerLees SummitMO64063
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 Lees Summit at 602 SE 4th Ter, Lees Summit, MO, 64063 generates $2,154/mo in rent and, after a $1,273/mo payment, leaves $534/mo in cash flow. Total monthly income is $2,154/mo, and annual cash flow is $6,412/yr on $86,190 invested. Return on cash invested sits at 27.35% in year one, and rental yield is 9.94% on a $260,000 entry. Equity gained on principal adds $1,678/yr, while 5% annual appreciation builds toward $71,833 over five years. Five-year ROI reaches 142.81% and total cumulative return in cash sums $123,089. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,154/mo property income rather than buyer’s personal income.
Single Family
Built in 1962
10,094 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 64063, Lees Summit, MO area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,897 (100%) |
| Owner Occupied HU | 5,603 (63.0%) |
| Renter Occupied HU | 2,937 (33.0%) |
| Vacant Housing Units | 357 ( 4.0%) |
| Median Home Value | $276,700 |
| Average Home Value | $301,397 |
Housing Distribution
Address Breakdown
Residential
8,480
Single Family
8,176
Multi-Family
304
Businesses
1,302
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Chris Goodale • Midwest Property Resources LLC
Mls Name: Heartland MLS as distributed by MLS GRID
Mls ID: #2595740