1201 S 29th StParsonsKS67357
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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 Parsons at 1201 S 29th St, Parsons, KS, 67357 generates $960/mo in rent, after a $1,370/mo payment. Total monthly income is $960/mo. Return on cash invested sits at 8.24% in year one, and rental yield is 4.11% on a $280,000 entry. Equity gained on principal adds $1,807/yr, while 5% annual appreciation builds toward $77,359 over five years. Five-year ROI reaches 40.9% and total cumulative return in cash sums $37,965. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $960/mo property income rather than buyer’s personal income.
Single Family
Built in 2021
0.93 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 67357, Parsons, KS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,731 (100%) |
| Owner Occupied HU | 3,140 (54.8%) |
| Renter Occupied HU | 1,731 (30.2%) |
| Vacant Housing Units | 860 (15.0%) |
| Median Home Value | $149,849 |
| Average Home Value | $169,497 |
Housing Distribution
Address Breakdown
Residential
5,297
Single Family
5,063
Multi-Family
234
Businesses
483
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