1213 W Lakeway CtAndoverKS67002
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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 Andover at 1213 W Lakeway Ct, Andover, KS, 67002 priced at $613,000 pairs $3,550/mo rent with after a $3,000/mo payment. Total monthly income equals $3,550/mo. Return on cash invested is 16.92% in year one, and rental yield stands at 6.95% on a $613,000 basis. Equity gained on principal adds $3,956/yr, and 5% annual appreciation accumulates to $169,361 by year five. Five-year ROI measures 87.41% and total cumulative return in cash reaches $176,281. For financing, Ziffy Mortgage’s DSCR program evaluates $3,550/mo property income against a $3,000/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 2024
0.30 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 67002, Andover, KS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,452 (100%) |
| Owner Occupied HU | 4,625 (71.7%) |
| Renter Occupied HU | 1,388 (21.5%) |
| Vacant Housing Units | 439 ( 6.8%) |
| Median Home Value | $280,299 |
| Average Home Value | $307,744 |
Housing Distribution
Address Breakdown
Residential
6,282
Single Family
5,874
Multi-Family
408
Businesses
576
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