1507 Commercial StAtchisonKS66002
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 Atchison at 1507 Commercial St, Atchison, KS, 66002 priced at $125,000 converts $948/mo rent into $116/mo cash flow after a $612/mo obligation. Total monthly income equals $948/mo, and annual cash flow totals $1,394/yr on $41,438 invested. Return on cash invested prints 23.27% in year one, and rental yield reads 9.1% against a $125,000 entry. Equity gained on principal adds $807/yr, while 5% annual appreciation compiles into $34,535 by year five. Five-year ROI reaches 121.61% and total cumulative return in cash sums $50,393. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $948/mo property income covering a $612/mo payment, not borrower’s personal income.
Single Family
Built in 1900
9,147 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 66002, Atchison, KS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,492 (100%) |
| Owner Occupied HU | 3,158 (57.5%) |
| Renter Occupied HU | 1,796 (32.7%) |
| Vacant Housing Units | 538 ( 9.8%) |
| Median Home Value | $166,910 |
| Average Home Value | $202,031 |
Housing Distribution
Address Breakdown
Residential
5,353
Single Family
4,939
Multi-Family
414
Businesses
498
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Nearby investment properties with comparable prices
Listed by: Sharon Locke • Colonial Realty Inc
Mls Name: HKMMLS as distributed by MLS GRID
Mls Provider:
Mls ID: #2547307
Disclaimer: Based on information submitted to the MLS GRID as of 2025-05-13 12:48:01 PDT. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website. Prices displayed on all Sold listings are the Last Known Listing Price and may not be the actual selling price. [Click here for more information](/mls-disclaimers/#45) Listing Information presented by local MLS brokerage: Zillow, Inc., local REALTOR- Terry York - (913) 213-6604