11220 Rimrock DrManhattanKS66503
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
Investment Highlights
Investment property for sale in Manhattan at 11220 Rimrock Dr, Manhattan, KS, 66503 uses $66,267 cash to close to unlock $2,634/yr annual cash flow and $220/mo monthly cash flow. Total monthly income runs $1,549/mo, and a $978/mo payment keeps the spread at $220/mo. Purchase price stands at $199,900, and rental yield measures 9.3% with $1,549/mo rent. Return on cash invested shows 23.88% in year one, and 5% annual appreciation builds toward $55,229 over five years. Five-year ROI reaches 124.79% and total cumulative return in cash records $82,693. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,549/mo property income covering a $978/mo payment rather than investor’s personal income.
Single Family
Built in 1996
0.63 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 66503, Manhattan, KS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,914 (100%) |
| Owner Occupied HU | 4,441 (56.1%) |
| Renter Occupied HU | 2,630 (33.2%) |
| Vacant Housing Units | 843 (10.7%) |
| Median Home Value | $343,238 |
| Average Home Value | $385,645 |
Housing Distribution
Address Breakdown
Residential
7,677
Single Family
6,970
Multi-Family
707
Businesses
292
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Becky Willmann • Prestige Realty & Associates, LLC
Mls Name: FHARMLS
Mls Provider:
Mls ID: #20251093
Disclaimer: IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Listing information is deemed reliable, but not guaranteed.