7648 Rainbow DrPrairie VillageKS66208
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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 Prairie Village at 7648 Rainbow Dr, Prairie Village, KS, 66208 uses $94,478 cash to close to unlock $250/yr annual cash flow and $21/mo monthly cash flow. Total monthly income runs $1,917/mo, and a $1,395/mo payment keeps the spread at $21/mo. Purchase price stands at $285,000, and rental yield measures 8.07% with $1,917/mo rent. Return on cash invested shows 20.17% in year one, and 5% annual appreciation builds toward $78,740 over five years. Five-year ROI reaches 104.87% and total cumulative return in cash records $99,078. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,917/mo property income covering a $1,395/mo payment rather than investor’s personal income.
Single Family
Built in 1952
8,464 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 66208, Shawnee Mission, KS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,648 (100%) |
| Owner Occupied HU | 7,588 (78.6%) |
| Renter Occupied HU | 1,560 (16.2%) |
| Vacant Housing Units | 500 ( 5.2%) |
| Median Home Value | $473,025 |
| Average Home Value | $645,858 |
Housing Distribution
Address Breakdown
Residential
9,684
Single Family
9,111
Multi-Family
573
Businesses
572
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Listed by: Veronica Jaster • ReeceNichols - Country Club Plaza
Mls Name: HKMMLS as distributed by MLS GRID
Mls Provider:
Mls ID: #2545447
Disclaimer: Based on information submitted to the MLS GRID as of 2025-05-18 12:52:56 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