1216 Newfoundland DrManhattanKS66503
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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 Manhattan at 1216 Newfoundland Dr, Manhattan, KS, 66503 uses $71,273 cash to close to unlock $623/yr annual cash flow and $52/mo monthly cash flow. Total monthly income runs $1,482/mo, and a $1,052/mo payment keeps the spread at $52/mo. Purchase price stands at $215,000, and rental yield measures 8.27% with $1,482/mo rent. Return on cash invested shows 20.78% in year one, and 5% annual appreciation builds toward $59,401 over five years. Five-year ROI reaches 108.14% and total cumulative return in cash records $77,077. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,482/mo property income covering a $1,052/mo payment rather than investor’s personal income.
Single Family
Built in 2006
1,742 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 66503, Manhattan, KS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,914 (100%) |
| Owner Occupied HU | 4,441 (56.1%) |
| Renter Occupied HU | 2,630 (33.2%) |
| Vacant Housing Units | 843 (10.7%) |
| Median Home Value | $343,238 |
| Average Home Value | $385,645 |
Housing Distribution
Address Breakdown
Residential
7,677
Single Family
6,970
Multi-Family
707
Businesses
292
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