1505 Eastland DrHutchinsonKS67501
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
Investment Highlights
Rental property for sale in Hutchinson at 1505 Eastland Dr, Hutchinson, KS, 67501 priced at $117,200 pairs $1,170/mo rent with $390/mo cash flow after a $574/mo payment. Total monthly income equals $1,170/mo, and annual cash flow comes to $4,679/yr on $38,852 invested. Return on cash invested is 31.95% in year one, and rental yield stands at 11.98% on a $117,200 basis. Equity gained on principal adds $756/yr, and 5% annual appreciation accumulates to $32,380 by year five. Five-year ROI measures 168.03% and total cumulative return in cash reaches $65,284. For financing, Ziffy Mortgage’s DSCR program evaluates $1,170/mo property income against a $574/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1957
9,583 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 67501, Hutchinson, KS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,371 (100%) |
| Owner Occupied HU | 5,645 (49.6%) |
| Renter Occupied HU | 4,047 (35.6%) |
| Vacant Housing Units | 1,679 (14.8%) |
| Median Home Value | $98,322 |
| Average Home Value | $154,618 |
Housing Distribution
Address Breakdown
Residential
10,359
Single Family
10,020
Multi-Family
339
Businesses
1,045
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