8340 Riggs StOverland ParkKS66212
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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 Overland Park at 8340 Riggs St, Overland Park, KS, 66212 offers a 7.11% rental yield on a $449,000 purchase with $2,660/mo rent. 27% in year one. Equity gained on principal adds $2,897/yr while 5% annual appreciation supports $124,050 over five years. Portfolio math shows five-year ROI at 89.29% and total cumulative return in cash at $132,904. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,660/mo property income against a $2,198/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1950
9,720 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 66212, Shawnee Mission, KS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,188 (100%) |
| Owner Occupied HU | 8,185 (50.6%) |
| Renter Occupied HU | 6,884 (42.5%) |
| Vacant Housing Units | 1,119 ( 6.9%) |
| Median Home Value | $340,223 |
| Average Home Value | $382,952 |
Housing Distribution
Address Breakdown
Residential
15,129
Single Family
11,238
Multi-Family
3,891
Businesses
1,059
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Listed by: Heather Walker • ReeceNichols - Lees Summit
Mls Name: Heartland MLS as distributed by MLS GRID
Mls ID: #2581272