1426 8th RdWakefieldKS67487
INVESTMENT ANALYSIS
Investment Verdict
Appreciation PlayGlobal investors willing to prioritise equity over near-term yield will find 1426 8th Rd, Wakefield, KS, 67487 in Wakefield worth study. Rental yield 4.52%. The 4.52% gross yield is below cash-flow benchmarks at $325,000, but 5% annual appreciation, adding $89,792 over five years, frames this as a capital growth position. Rent of $1,300/mo partially offsets the $1,461/mo payment. Ziffy Mortgage finances appreciation-play properties (0.89 DSCR) for non-U.S. residents without domestic income documentation; a 30–35% down payment maximises coverage. Total projected return: $68,466.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 4.5% | 6.0% |
| Monthly Cash Flow | $(980) | $150 |
City averages based on Wakefield market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,300 |
| Total Monthly Debt Service | $2,033 |
| DSCR Ratio | 0.64x |
Ziffy Mortgage typically prefers a DSCR of 1.0+, but in some cases you may qualify with a DSCR below 1. To explore if this deal qualifies for an investment mortgage, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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.