10897 Newton AveWrightKS67882
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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
Rental property for sale in Wright at 10897 Newton Ave, Wright, KS, 67882 generates $1,146/mo in rent, after a $1,268/mo payment. Total monthly income is $1,146/mo. Return on cash invested sits at 11.84% in year one, and rental yield is 5.31% on a $259,000 entry. Equity gained on principal adds $1,671/yr, while 5% annual appreciation builds toward $71,557 over five years. Five-year ROI reaches 60.2% and total cumulative return in cash sums $51,688. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,146/mo property income rather than buyer’s personal income.
Single Family
Built in 1925
1.17 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 67882, Wright, KS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 156 (100%) |
| Owner Occupied HU | 108 (69.2%) |
| Renter Occupied HU | 39 (25.0%) |
| Vacant Housing Units | 9 ( 5.8%) |
| Median Home Value | $241,667 |
| Average Home Value | $268,565 |
Housing Distribution
Address Breakdown
Residential
101
Single Family
101
Multi-Family
0
Businesses
11
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