1023 E Miller RdIolaKS66749
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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
Total monthly income runs $780/mo, and a $1,307/mo payment. Purchase price stands at $267,000, and rental yield measures 3.51% with $780/mo rent. Return on cash invested shows 6.4% in year one, and 5% annual appreciation builds toward $73,767 over five years. Five-year ROI reaches 31.03% and total cumulative return in cash records $27,463. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $780/mo property income covering a $1,307/mo payment rather than investor’s personal income.
Single Family
Built in 1991
0.60 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 66749, Iola, KS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,643 (100%) |
| Owner Occupied HU | 2,021 (55.5%) |
| Renter Occupied HU | 1,108 (30.4%) |
| Vacant Housing Units | 514 (14.1%) |
| Median Home Value | $99,959 |
| Average Home Value | $131,522 |
Housing Distribution
Address Breakdown
Residential
3,087
Single Family
2,984
Multi-Family
103
Businesses
404
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Listed by: Gari Korte • Infinity Real Estate, LLC
Mls Name: Heartland MLS as distributed by MLS GRID
Mls Provider:
Mls ID: #2566491
Disclaimer: Based on information submitted to the MLS GRID as of 2025-08-06 12:23:04 PDT. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website. Prices displayed on all Sold listings are the Last Known Listing Price and may not be the actual selling price. [Click here for more information](/mls-disclaimers/#45) Listing Information presented by local MLS brokerage: Zillow, Inc., local REALTOR- Terry York - (913) 213-6604