1401 Richard AveParsonsKS67357
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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 1401 Richard Ave, Parsons, KS, 67357 generates $829/mo in rent and, after a $538/mo payment, leaves $98/mo in cash flow. Total monthly income is $829/mo, and annual cash flow is $1,173/yr on $36,432 invested. Return on cash invested sits at 23.13% in year one, and rental yield is 9.05% on a $109,900 entry. Equity gained on principal adds $709/yr, while 5% annual appreciation builds toward $30,363 over five years. Five-year ROI reaches 120.73% and total cumulative return in cash sums $43,984. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $829/mo property income rather than buyer’s personal income.
Single Family
Built in 1977
8,288 sqft 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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Nearby investment properties with comparable prices
Listed by: Karla King • Golden Oak Real Estate LLC
Mls Name: Heartland MLS as distributed by MLS GRID
Mls Provider:
Mls ID: #2568696
Disclaimer: Based on information submitted to the MLS GRID as of 2025-08-26 12:28:06 PDT. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website. Prices displayed on all Sold listings are the Last Known Listing Price and may not be the actual selling price. [Click here for more information](/mls-disclaimers/#45) Listing Information presented by local MLS brokerage: Zillow, Inc., local REALTOR- Terry York - (913) 213-6604