622 Norton AveKansas CityMO64124
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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 Kansas City at 622 Norton Ave, Kansas City, MO, 64124 uses $49,394 cash to close to unlock $3,088/yr annual cash flow and $257/mo monthly cash flow. Total monthly income runs $1,185/mo, and a $729/mo payment keeps the spread at $257/mo. Purchase price stands at $149,000, and rental yield measures 9.54% with $1,185/mo rent. Return on cash invested shows 26.16% in year one, and 5% annual appreciation builds toward $41,166 over five years. Five-year ROI reaches 136.47% and total cumulative return in cash records $67,408. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,185/mo property income covering a $729/mo payment rather than investor’s personal income.
Single Family
Built in 1900
2,974 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: Gustavo Restrepo • Keller Williams Realty Partners Inc.
Mls Name: Heartland MLS as distributed by MLS GRID
Mls ID: #2569127