1409 N Walnut RdIolaKS66749
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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 Iola at 1409 N Walnut Rd, Iola, KS, 66749 priced at $176,700 converts $1,844/mo rent into $668/mo cash flow after a $865/mo obligation. Total monthly income equals $1,844/mo, and annual cash flow totals $8,020/yr on $58,576 invested. Return on cash invested prints 33.6% in year one, and rental yield reads 12.52% against a $176,700 entry. Equity gained on principal adds $1,140/yr, while 5% annual appreciation compiles into $48,819 by year five. Five-year ROI reaches 176.92% and total cumulative return in cash sums $103,633. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,844/mo property income covering a $865/mo payment, not borrower’s personal income.
Single Family
Built in 1976
0.25 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 66749, Iola, KS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,643 (100%) |
| Owner Occupied HU | 2,021 (55.5%) |
| Renter Occupied HU | 1,108 (30.4%) |
| Vacant Housing Units | 514 (14.1%) |
| Median Home Value | $99,959 |
| Average Home Value | $131,522 |
Housing Distribution
Address Breakdown
Residential
3,087
Single Family
2,984
Multi-Family
103
Businesses
404
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