8361 Somerset Dr APT 303Prairie VillageKS66207
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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 Prairie Village at 8361 Somerset Dr APT 303, Prairie Village, KS, 66207 generates $1,729/mo in rent, after a $1,561/mo payment. Total monthly income is $1,729/mo. Return on cash invested sits at 15.45% in year one, and rental yield is 6.5% on a $319,000 entry. Equity gained on principal adds $2,058/yr, while 5% annual appreciation builds toward $88,134 over five years. Five-year ROI reaches 79.58% and total cumulative return in cash sums $84,157. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,729/mo property income rather than buyer’s personal income.
Condo
Built in 1965
1,197 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 66207, Shawnee Mission, KS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,404 (100%) |
| Owner Occupied HU | 4,394 (68.6%) |
| Renter Occupied HU | 1,574 (24.6%) |
| Vacant Housing Units | 436 ( 6.8%) |
| Median Home Value | $472,129 |
| Average Home Value | $554,125 |
Housing Distribution
Address Breakdown
Residential
6,667
Single Family
5,764
Multi-Family
903
Businesses
603
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Listed by: Laurie Ingram • Weichert, Realtors Welch & Com
Mls Name: Heartland MLS as distributed by MLS GRID
Mls ID: #2578331