114 S Bern StHanoverKS66945
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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 Hanover at 114 S Bern St, Hanover, KS, 66945 priced at $169,900 converts $1,662/mo rent into $531/mo cash flow after a $832/mo obligation. Total monthly income equals $1,662/mo, and annual cash flow totals $6,375/yr on $56,322 invested. Return on cash invested prints 31.23% in year one, and rental yield reads 11.74% against a $169,900 entry. Equity gained on principal adds $1,096/yr, while 5% annual appreciation compiles into $46,940 by year five. Five-year ROI reaches 164.21% and total cumulative return in cash sums $92,486. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,662/mo property income covering a $832/mo payment, not borrower’s personal income.
Single Family
Built in 1925
7,840 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 66945, Hanover, KS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 507 (100%) |
| Owner Occupied HU | 377 (74.4%) |
| Renter Occupied HU | 70 (13.8%) |
| Vacant Housing Units | 60 (11.8%) |
| Median Home Value | $196,635 |
| Average Home Value | $248,846 |
Housing Distribution
Address Breakdown
Residential
375
Single Family
375
Multi-Family
0
Businesses
42
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