114 E 2nd StNewtonKS67114
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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 Newton at 114 E 2nd St, Newton, KS, 67114 with 5% annual appreciation on a $138,000 basis while $950/mo rent supports operations. Total monthly income totals $950/mo and a $675/mo payment preserves $32/mo for cash returns. Annual cash flow comes to $388/yr on $45,747 deployed, and return on cash invested reaches 20.76% in year one. Equity gained on principal adds $890/yr, and five-year appreciation sums $38,127 alongside rental yield of 8.26%. Five-year ROI measures 108.06% and total cumulative return in cash totals $49,434.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $950/mo property income versus a $675/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1900
5,662 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 67114, Newton, KS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,484 (100%) |
| Owner Occupied HU | 5,752 (60.6%) |
| Renter Occupied HU | 2,808 (29.6%) |
| Vacant Housing Units | 924 ( 9.7%) |
| Median Home Value | $173,253 |
| Average Home Value | $211,330 |
Housing Distribution
Address Breakdown
Residential
8,971
Single Family
8,686
Multi-Family
285
Businesses
765
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Listed by: Alena Sellers • KELLER WILLIAMS HOMETOWN PARTNERS
Mls Name: Mid Kansas MLS & Prairie Land Realtors
Mls ID: #52476
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.