1101 Sheridan AveHoxieKS67740
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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 Hoxie at 1101 Sheridan Ave, Hoxie, KS, 67740 uses $56,024 cash to close to unlock $2,146/yr annual cash flow and $179/mo monthly cash flow. Total monthly income runs $1,303/mo, and a $827/mo payment keeps the spread at $179/mo. Purchase price stands at $169,000, and rental yield measures 9.25% with $1,303/mo rent. Return on cash invested shows 23.74% in year one, and 5% annual appreciation builds toward $46,692 over five years. Five-year ROI reaches 124.01% and total cumulative return in cash records $69,475. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,303/mo property income covering a $827/mo payment rather than investor’s personal income.
Single Family
Built in 1923
10,687 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 67740, Hoxie, KS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 902 (100%) |
| Owner Occupied HU | 566 (62.7%) |
| Renter Occupied HU | 234 (25.9%) |
| Vacant Housing Units | 102 (11.3%) |
| Median Home Value | $187,500 |
| Average Home Value | $222,756 |
Housing Distribution
Address Breakdown
Residential
330
Single Family
312
Multi-Family
18
Businesses
112
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