1508 E 6th AveHutchinsonKS67501
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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 Hutchinson at 1508 E 6th Ave, Hutchinson, KS, 67501 listed at $113,000 pairs $854/mo rent with a $553/mo payment to leave $102/mo cash flow. Total monthly income runs $854/mo, and annual cash flow reaches $1,228/yr on $37,460 cash to close. Return on cash invested measures 23.19% in year one, and rental yield registers 9.07% at a $113,000 basis. Equity gained on principal adds $729/yr, and annual property appreciation at 5% supports $31,220 by year five. Five-year ROI tracks 121.14% and total cumulative return in cash totals $45,377. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $854/mo property income relative to a $553/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1930
0.28 Acres 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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Listed by: DEANGELO GREEN • Real Smart Homes
Mls Name: Mid Kansas MLS & Prairie Land Realtors
Mls ID: #53023
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.