741 Locust StKansas CityKS66103
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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 741 Locust St, Kansas City, KS, 66103 offers a 8.59% rental yield on a $224,000 purchase with $1,603/mo rent. Total monthly income registers $1,603/mo, and a $1,096/mo payment leaves $113/mo available for distribution. Annual cash flow reaches $1,358/yr on $74,256 to close, and return on cash invested stands at 21.74% in year one. Equity gained on principal adds $1,445/yr while 5% annual appreciation supports $61,887 over five years. Portfolio math shows five-year ROI at 113.29% and total cumulative return in cash at $84,127. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,603/mo property income against a $1,096/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1947
0.27 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 66103, Kansas City, KS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,838 (100%) |
| Owner Occupied HU | 2,105 (30.8%) |
| Renter Occupied HU | 4,002 (58.5%) |
| Vacant Housing Units | 731 (10.7%) |
| Median Home Value | $182,070 |
| Average Home Value | $194,842 |
Housing Distribution
Address Breakdown
Residential
6,109
Single Family
4,854
Multi-Family
1,255
Businesses
412
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Listed by: Grant Stafford • House Brokerage
Mls Name: Heartland MLS as distributed by MLS GRID
Mls ID: #2594813