1408 E 23rd AveHutchinsonKS67502
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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 Hutchinson at 1408 E 23rd Ave, Hutchinson, KS, 67502 listed at $227,000 pairs $1,945/mo rent with a $1,111/mo payment to leave $434/mo cash flow. Total monthly income runs $1,945/mo, and annual cash flow reaches $5,209/yr on $75,251 cash to close. Return on cash invested measures 26.83% in year one, and rental yield registers 10.28% at a $227,000 basis. Equity gained on principal adds $1,465/yr, and annual property appreciation at 5% supports $62,716 by year five. Five-year ROI tracks 140.64% and total cumulative return in cash totals $105,829. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,945/mo property income relative to a $1,111/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1935
1.35 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 67502, Hutchinson, KS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,977 (100%) |
| Owner Occupied HU | 7,500 (68.3%) |
| Renter Occupied HU | 2,649 (24.1%) |
| Vacant Housing Units | 828 ( 7.5%) |
| Median Home Value | $203,460 |
| Average Home Value | $244,115 |
Housing Distribution
Address Breakdown
Residential
10,201
Single Family
9,484
Multi-Family
717
Businesses
400
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Listed by: Valery Roberts-Ropp • Re/Max Elite Real Estate Group
Mls Name: Mid Kansas MLS & Prairie Land Realtors
Mls ID: #52203
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.