8602 W 55th StOverland ParkKS66202
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowInvestors targeting immediate dollar income will find 8602 W 55th St, Overland Park, KS, 66202 in Overland Park hard to pass up. The 10.26% gross yield on a $279,999 purchase results in $2,394/mo in rent and $531/mo in net cash, well above the spread required for Ziffy Mortgage's DSCR qualification (1.90). Annual cash flow of $6,375, five-year appreciation of $77,359, and $2,579/yr in equity build-up combine for a projected total cumulative return of $140,940.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 10.3% | 5.2% |
| Monthly Cash Flow | $531 | $1,250 |
City averages based on Overland Park market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,394 |
| Total Monthly Debt Service | $1,751 |
| DSCR Ratio | 1.37x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 1950
0.31 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 66202, Shawnee Mission, KS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,488 (100%) |
| Owner Occupied HU | 4,462 (47.0%) |
| Renter Occupied HU | 4,375 (46.1%) |
| Vacant Housing Units | 651 ( 6.9%) |
| Median Home Value | $323,888 |
| Average Home Value | $378,130 |
Housing Distribution
Address Breakdown
Residential
9,202
Single Family
6,215
Multi-Family
2,987
Businesses
851
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
Single Family
Built in 1950
0.31 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 66202, Shawnee Mission, KS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,488 (100%) |
| Owner Occupied HU | 4,462 (47.0%) |
| Renter Occupied HU | 4,375 (46.1%) |
| Vacant Housing Units | 651 ( 6.9%) |
| Median Home Value | $323,888 |
| Average Home Value | $378,130 |
Housing Distribution
Address Breakdown
Residential
9,202
Single Family
6,215
Multi-Family
2,987
Businesses
851
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Ailynn Lindo • 1st Class Real Estate KC
Mls Name: HKMMLS as distributed by MLS GRID
Mls ID: #2564522