1426 8th RdWakefieldKS67487
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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 Wakefield at 1426 8th Rd, Wakefield, KS, 67487 generates $1,300/mo in rent, after a $1,591/mo payment. Total monthly income is $1,300/mo. Return on cash invested sits at 10.3% in year one, and rental yield is 4.8% on a $325,000 entry. Equity gained on principal adds $2,097/yr, while 5% annual appreciation builds toward $89,792 over five years. Five-year ROI reaches 51.96% and total cumulative return in cash sums $55,981. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,300/mo property income rather than buyer’s personal income.
Single Family
Built in 1937
4.70 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 67487, Wakefield, KS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 609 (100%) |
| Owner Occupied HU | 419 (68.8%) |
| Renter Occupied HU | 109 (17.9%) |
| Vacant Housing Units | 81 (13.3%) |
| Median Home Value | $172,019 |
| Average Home Value | $205,632 |
Housing Distribution
Address Breakdown
Residential
394
Single Family
394
Multi-Family
0
Businesses
37
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Listed by: Tori Brown • NextHome Unlimited
Mls Name: FHARMLS
Mls Provider:
Mls ID: #20251765
Disclaimer: IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Listing information is deemed reliable, but not guaranteed.