1421 S 15th StParsonsKS67357
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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 Parsons at 1421 S 15th St, Parsons, KS, 67357 uses $39,747 cash to close to unlock $1,442/yr annual cash flow and $120/mo monthly cash flow. Total monthly income runs $918/mo, and a $587/mo payment keeps the spread at $120/mo. Purchase price stands at $119,900, and rental yield measures 9.19% with $918/mo rent. Return on cash invested shows 23.54% in year one, and 5% annual appreciation builds toward $33,126 over five years. Five-year ROI reaches 123% and total cumulative return in cash records $48,888. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $918/mo property income covering a $587/mo payment rather than investor’s personal income.
Single Family
Built in 1982
0.52 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 67357, Parsons, KS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,731 (100%) |
| Owner Occupied HU | 3,140 (54.8%) |
| Renter Occupied HU | 1,731 (30.2%) |
| Vacant Housing Units | 860 (15.0%) |
| Median Home Value | $149,849 |
| Average Home Value | $169,497 |
Housing Distribution
Address Breakdown
Residential
5,297
Single Family
5,063
Multi-Family
234
Businesses
483
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