1004 E 23rd AveHutchinsonKS67502
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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 Hutchinson at 1004 E 23rd Ave, Hutchinson, KS, 67502 uses $56,355 cash to close to unlock $683/yr annual cash flow and $57/mo monthly cash flow. Total monthly income runs $1,301/mo, and a $832/mo payment keeps the spread at $57/mo. Purchase price stands at $170,000, and rental yield measures 9.18% with $1,301/mo rent. Return on cash invested shows 21.12% in year one, and 5% annual appreciation builds toward $46,968 over five years. Five-year ROI reaches 110.83% and total cumulative return in cash records $62,457. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,301/mo property income covering a $832/mo payment rather than investor’s personal income.
Single Family
Built in 1970
9,583 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 67502, Hutchinson, KS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,977 (100%) |
| Owner Occupied HU | 7,500 (68.3%) |
| Renter Occupied HU | 2,649 (24.1%) |
| Vacant Housing Units | 828 ( 7.5%) |
| Median Home Value | $203,460 |
| Average Home Value | $244,115 |
Housing Distribution
Address Breakdown
Residential
10,201
Single Family
9,484
Multi-Family
717
Businesses
400
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Listed by: Traci Ratzlaff • Real Broker, LLC
Mls Name: Mid Kansas MLS & Prairie Land Realtors
Mls ID: #52543
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.