623 N 62nd PlKansas CityKS66102
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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 623 N 62nd Pl, Kansas City, KS, 66102 uses $90,002 cash to close to unlock $7,795/yr annual cash flow and $650/mo monthly cash flow. Total monthly income runs $2,456/mo, and a $1,329/mo payment keeps the spread at $650/mo. Purchase price stands at $271,500, and rental yield measures 10.86% with $2,456/mo rent. Return on cash invested shows 28.57% in year one, and 5% annual appreciation builds toward $75,010 over five years. Five-year ROI reaches 149.91% and total cumulative return in cash records $134,920. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,456/mo property income covering a $1,329/mo payment rather than investor’s personal income.
Single Family
Built in 1965
8,712 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 66102, Kansas City, KS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,364 (100%) |
| Owner Occupied HU | 5,244 (46.1%) |
| Renter Occupied HU | 4,782 (42.1%) |
| Vacant Housing Units | 1,338 (11.8%) |
| Median Home Value | $148,789 |
| Average Home Value | $179,020 |
Housing Distribution
Address Breakdown
Residential
10,474
Single Family
9,147
Multi-Family
1,327
Businesses
639
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