1213 Grove StNewtonKS67114
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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 Newton at 1213 Grove St, Newton, KS, 67114 with 5% annual appreciation on a $160,200 basis while $1,584/mo rent supports operations. Total monthly income totals $1,584/mo and a $784/mo payment preserves $486/mo for cash returns. Annual cash flow comes to $5,827/yr on $53,106 deployed, and return on cash invested reaches 30.88% in year one. Equity gained on principal adds $1,034/yr, and five-year appreciation sums $44,260 alongside rental yield of 11.87%. Five-year ROI measures 162.59% and total cumulative return in cash totals $86,344.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,584/mo property income versus a $784/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in N/A
N/A 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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