8013 Millridge StShawneeKS66220
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
Investment Highlights
Rental property for sale in Shawnee at 8013 Millridge St, Shawnee, KS, 66220 priced at $1,297,270 converts $3,774/mo rent into after a $6,349/mo obligation. Total monthly income equals $3,774/mo. Return on cash invested prints 6.27% in year one, and rental yield reads 3.49% against a $1,297,270 entry. Equity gained on principal adds $8,371/yr, while 5% annual appreciation compiles into $358,412 by year five. Five-year ROI reaches 30.33% and total cumulative return in cash sums $127,486. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,774/mo property income covering a $6,349/mo payment, not borrower’s personal income.
Single Family
Built in 2023
0.34 Acres lot
$N/A/sqft
$975 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 66220, Shawnee Mission, KS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,221 (100%) |
| Owner Occupied HU | 2,686 (83.4%) |
| Renter Occupied HU | 420 (13.0%) |
| Vacant Housing Units | 115 ( 3.6%) |
| Median Home Value | $583,972 |
| Average Home Value | $626,946 |
Housing Distribution
Address Breakdown
Residential
3,168
Single Family
2,914
Multi-Family
254
Businesses
54
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Nearby investment properties with comparable prices
Listed by: Danette Baker • Weichert, Realtors Welch & Com
Mls Name: HKMMLS as distributed by MLS GRID
Mls Provider:
Mls ID: #2494035
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