9316 Richmond AveKansas CityMO64138
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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 Kansas City at 9316 Richmond Ave, Kansas City, MO, 64138 uses $61,327 cash to close to unlock $6,196/yr annual cash flow and $516/mo monthly cash flow. Total monthly income runs $1,668/mo, and a $905/mo payment keeps the spread at $516/mo. Purchase price stands at $184,999, and rental yield measures 10.82% with $1,668/mo rent. Return on cash invested shows 30.01% in year one, and 5% annual appreciation builds toward $51,112 over five years. Five-year ROI reaches 157.11% and total cumulative return in cash records $96,350. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,668/mo property income covering a $905/mo payment rather than investor’s personal income.
Single Family
Built in 1965
9,583 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 64138, Kansas City, MO area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,269 (100%) |
| Owner Occupied HU | 6,145 (54.5%) |
| Renter Occupied HU | 4,330 (38.4%) |
| Vacant Housing Units | 794 ( 7.0%) |
| Median Home Value | $182,190 |
| Average Home Value | $231,084 |
Housing Distribution
Address Breakdown
Residential
10,850
Single Family
9,270
Multi-Family
1,580
Businesses
428
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Listed by: Sam Hampton • ReeceNichols - Overland Park
Mls Name: Heartland MLS as distributed by MLS GRID
Mls ID: #2596346