126 E 1st 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
Rental property for sale in Newton at 126 E 1st St, Newton, KS, 67114 priced at $139,000 converts $1,001/mo rent into $77/mo cash flow after a $680/mo obligation. Total monthly income equals $1,001/mo, and annual cash flow totals $919/yr on $46,079 invested. Return on cash invested prints 21.9% in year one, and rental yield reads 8.64% against a $139,000 entry. Equity gained on principal adds $897/yr, while 5% annual appreciation compiles into $38,403 by year five. Five-year ROI reaches 114.19% and total cumulative return in cash sums $52,616. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,001/mo property income covering a $680/mo payment, not borrower’s personal income.
Single Family
Built in 1903
4,791 sqft 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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