700 E 8th St UNIT 15BKansas CityMO64106
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowThe headline number at 700 E 8th St UNIT 15B, Kansas City, MO, 64106 in Kansas City is the 1.88 coverage ratio: rent of $1,855/mo versus a $985/mo debt payment on a $219,000 property. Rental yield 10.17%. That margin is what gives Ziffy Mortgage's DSCR loan the coverage it needs for a clean, fast approval, no W-2s, no U.S. residency. Appreciation at 5%/yr projects $60,506 by year five, with $2,017/yr in equity from paydown. Total projected cumulative return: $67,390.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 10.2% | 6.2% |
| Monthly Cash Flow | $(297) | $300 |
City averages based on Kansas City market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,855 |
| Total Monthly Debt Service | $2,065 |
| DSCR Ratio | 0.90x |
Ziffy Mortgage typically prefers a DSCR of 1.0+, but in some cases you may qualify with a DSCR below 1. To explore if this deal qualifies for an investment mortgage, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Condo
Built in 1972
1,127 sqft lot
$N/A/sqft
$788 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 64106, Kansas City, MO area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,853 (100%) |
| Owner Occupied HU | 847 (12.4%) |
| Renter Occupied HU | 5,164 (75.4%) |
| Vacant Housing Units | 842 (12.3%) |
| Median Home Value | $309,690 |
| Average Home Value | $337,804 |
Housing Distribution
Address Breakdown
Residential
5,463
Single Family
1,497
Multi-Family
3,966
Businesses
813
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
Condo
Built in 1972
1,127 sqft lot
$N/A/sqft
$788 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 64106, Kansas City, MO area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,853 (100%) |
| Owner Occupied HU | 847 (12.4%) |
| Renter Occupied HU | 5,164 (75.4%) |
| Vacant Housing Units | 842 (12.3%) |
| Median Home Value | $309,690 |
| Average Home Value | $337,804 |
Housing Distribution
Address Breakdown
Residential
5,463
Single Family
1,497
Multi-Family
3,966
Businesses
813
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Bryan Fish • Real Broker, LLC
Mls Name: HKMMLS as distributed by MLS GRID
Mls Provider:
Mls ID: #2507943
Disclaimer: Based on information submitted to the MLS GRID as of 2024-01-26 09:44:00 PST. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website. Prices displayed on all Sold listings are the Last Known Listing Price and may not be the actual selling price. [Click here for more information](/info/mls-disclaimers/#mls_45) Listing Information presented by local MLS brokerage: Zillow, Inc., local REALTOR- Terry York - (913) 213-6604