1404 N Grimes StMcPhersonKS67460
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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 McPherson at 1404 N Grimes St, McPherson, KS, 67460 with 5% annual appreciation on a $227,000 basis while $2,124/mo rent supports operations. Total monthly income totals $2,124/mo and a $1,111/mo payment preserves $562/mo for cash returns. Annual cash flow comes to $6,749/yr on $75,251 deployed, and return on cash invested reaches 28.88% in year one. Equity gained on principal adds $1,465/yr, and five-year appreciation sums $62,716 alongside rental yield of 11.23%. Five-year ROI measures 151.86% and total cumulative return in cash totals $114,277.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $2,124/mo property income versus a $1,111/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1982
0.26 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 67460, Mcpherson, KS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,280 (100%) |
| Owner Occupied HU | 4,458 (61.2%) |
| Renter Occupied HU | 2,088 (28.7%) |
| Vacant Housing Units | 734 (10.1%) |
| Median Home Value | $225,576 |
| Average Home Value | $256,575 |
Housing Distribution
Address Breakdown
Residential
6,870
Single Family
6,415
Multi-Family
455
Businesses
715
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Listed by: Carmela Leach • Diamond Real Estate
Mls Name: Mid Kansas MLS & Prairie Land Realtors
Mls ID: #51267
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.