723 SE 14th StLees SummitMO64081
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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 Lees Summit at 723 SE 14th St, Lees Summit, MO, 64081 offers a 9% rental yield on a $204,900 purchase with $1,537/mo rent. Total monthly income registers $1,537/mo, and a $1,003/mo payment leaves $98/mo available for distribution. Annual cash flow reaches $1,182/yr on $67,924 to close, and return on cash invested stands at 21.65% in year one. Equity gained on principal adds $1,322/yr while 5% annual appreciation supports $56,610 over five years. Portfolio math shows five-year ROI at 113.29% and total cumulative return in cash at $76,954. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,537/mo property income against a $1,003/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 2001
871.20 sqft lot
$N/A/sqft
$487 quarterly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 64081, Lees Summit, MO area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,912 (100%) |
| Owner Occupied HU | 7,707 (64.7%) |
| Renter Occupied HU | 3,338 (28.0%) |
| Vacant Housing Units | 867 ( 7.3%) |
| Median Home Value | $331,646 |
| Average Home Value | $362,123 |
Housing Distribution
Address Breakdown
Residential
10,542
Single Family
9,304
Multi-Family
1,238
Businesses
538
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Nearby investment properties with comparable prices
Listed by: Kameron Eaken • Summit Way Realty LLC
Mls Name: HKMMLS as distributed by MLS GRID
Mls Provider:
Mls ID: #2559121
Disclaimer: Based on information submitted to the MLS GRID as of 2025-07-18 11:07:53 PDT. 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](/mls-disclaimers/#45) Listing Information presented by local MLS brokerage: Zillow, Inc., local REALTOR- Terry York - (913) 213-6604