8616 W 61st StOverland ParkKS66202
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
Investment property for sale in Overland Park at 8616 W 61st St, Overland Park, KS, 66202 uses $124,313 cash to close to unlock $895/yr annual cash flow and $75/mo monthly cash flow. Total monthly income runs $2,569/mo, and a $1,835/mo payment keeps the spread at $75/mo. Purchase price stands at $375,000, and rental yield measures 8.22% with $2,569/mo rent. Return on cash invested shows 20.63% in year one, and 5% annual appreciation builds toward $103,606 over five years. Five-year ROI reaches 107.32% and total cumulative return in cash records $133,407. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,569/mo property income covering a $1,835/mo payment rather than investor’s personal income.
Single Family
Built in 1956
0.43 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: Jodie Brethour • Compass Realty Group
Mls Name: Heartland MLS as distributed by MLS GRID
Mls ID: #2571196