1420 W 1st StChanuteKS66720
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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 Chanute at 1420 W 1st St, Chanute, KS, 66720 uses $46,410 cash to close to unlock $2,326/yr annual cash flow and $194/mo monthly cash flow. Total monthly income runs $1,125/mo, and a $685/mo payment keeps the spread at $194/mo. Purchase price stands at $140,000, and rental yield measures 9.64% with $1,125/mo rent. Return on cash invested shows 24.92% in year one, and 5% annual appreciation builds toward $38,679 over five years. Five-year ROI reaches 130.31% and total cumulative return in cash records $60,478. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,125/mo property income covering a $685/mo payment rather than investor’s personal income.
Single Family
Built in 1958
7,200 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 66720, Chanute, KS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,022 (100%) |
| Owner Occupied HU | 2,946 (58.7%) |
| Renter Occupied HU | 1,429 (28.5%) |
| Vacant Housing Units | 647 (12.9%) |
| Median Home Value | $112,418 |
| Average Home Value | $154,089 |
Housing Distribution
Address Breakdown
Residential
4,742
Single Family
4,643
Multi-Family
99
Businesses
505
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