8124 Monrovia StLenexaKS66215
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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
Rental property for sale in Lenexa at 8124 Monrovia St, Lenexa, KS, 66215 priced at $325,000 converts $3,730/mo rent into $1,350/mo cash flow after a $1,591/mo obligation. Total monthly income equals $3,730/mo, and annual cash flow totals $16,194/yr on $107,738 invested. Return on cash invested prints 34.94% in year one, and rental yield reads 13.77% against a $325,000 entry. Equity gained on principal adds $2,097/yr, while 5% annual appreciation compiles into $89,792 by year five. Five-year ROI reaches 184.96% and total cumulative return in cash sums $199,273. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,730/mo property income covering a $1,591/mo payment, not borrower’s personal income.
Multi Family
Built in 1973
2,613 sqft lot
$N/A/sqft
$218 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 66215, Shawnee Mission, KS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,730 (100%) |
| Owner Occupied HU | 6,736 (57.4%) |
| Renter Occupied HU | 4,290 (36.6%) |
| Vacant Housing Units | 704 ( 6.0%) |
| Median Home Value | $338,031 |
| Average Home Value | $348,663 |
Housing Distribution
Address Breakdown
Residential
11,528
Single Family
8,898
Multi-Family
2,630
Businesses
1,464
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Nearby investment properties with comparable prices
Listed by: Michelle Grassie • Weichert, Realtors Welch & Com
Mls Name: HKMMLS as distributed by MLS GRID
Mls Provider:
Mls ID: #2512818
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