1403 Gehrke CtHeringtonKS67449
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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 Herington at 1403 Gehrke Ct, Herington, KS, 67449 offers a 8.56% rental yield on a $220,000 purchase with $1,570/mo rent. Total monthly income registers $1,570/mo, and a $1,077/mo payment leaves $106/mo available for distribution. Annual cash flow reaches $1,274/yr on $72,930 to close, and return on cash invested stands at 21.66% in year one. Equity gained on principal adds $1,420/yr while 5% annual appreciation supports $60,782 over five years. Portfolio math shows five-year ROI at 112.89% and total cumulative return in cash at $82,331. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,570/mo property income against a $1,077/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 2026
0.36 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 67449, Herington, KS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,584 (100%) |
| Owner Occupied HU | 850 (53.7%) |
| Renter Occupied HU | 344 (21.7%) |
| Vacant Housing Units | 390 (24.6%) |
| Median Home Value | $95,357 |
| Average Home Value | $130,212 |
Housing Distribution
Address Breakdown
Residential
1,286
Single Family
1,197
Multi-Family
89
Businesses
108
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