1002 S Walnut StMcPhersonKS67460
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeInvestors who value predictability will appreciate 1002 S Walnut St, McPherson, KS, 67460 in McPherson. At $265,000 it earns $1,668/mo in rent and distributes $257/mo to the owner after the $1,192/mo payment, a consistent 9.21% yield. DSCR 1.40 clears Ziffy Mortgage's income-only underwriting standard. Over five years, 5% annual appreciation adds $73,215 in value; $2,441/yr in principal paydown compounds ownership stake. Total projected return: $94,027.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 9.2% | 7.5% |
| Monthly Cash Flow | $257 | $400 |
City averages based on McPherson market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,668 |
| Total Monthly Debt Service | $1,672 |
| DSCR Ratio | 1.00x |
Ziffy Mortgage typically prefers a DSCR of 1.0+, but in some cases you may qualify with a DSCR below 1. To explore if this deal qualifies for an investment mortgage, 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 1894
0.31 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 67460, Mcpherson, KS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,280 (100%) |
| Owner Occupied HU | 4,458 (61.2%) |
| Renter Occupied HU | 2,088 (28.7%) |
| Vacant Housing Units | 734 (10.1%) |
| Median Home Value | $225,576 |
| Average Home Value | $256,575 |
Housing Distribution
Address Breakdown
Residential
6,870
Single Family
6,415
Multi-Family
455
Businesses
715
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 1894
0.31 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 67460, Mcpherson, KS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,280 (100%) |
| Owner Occupied HU | 4,458 (61.2%) |
| Renter Occupied HU | 2,088 (28.7%) |
| Vacant Housing Units | 734 (10.1%) |
| Median Home Value | $225,576 |
| Average Home Value | $256,575 |
Housing Distribution
Address Breakdown
Residential
6,870
Single Family
6,415
Multi-Family
455
Businesses
715
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Tiffani Floyd • Four Seasons Realtors
Mls Name: Mid Kansas MLS & Prairie Land Realtors
Mls ID: #52320
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.