1510 Broadway AveParsonsKS67357
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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 Parsons at 1510 Broadway Ave, Parsons, KS, 67357 offers $1,978/mo rent that, after a $657/mo payment, leaves $1,085/mo cash flow. Total monthly income is $1,978/mo, and annual cash flow is $13,020/yr on $44,487 cash. Return on cash invested measures 49.18% in year one, and rental yield stands at 17.69% at a $134,200 entry. Equity gained on principal adds $866/yr while 5% annual appreciation compounds into $37,077 by year five. Five-year ROI records 260.52% and total cumulative return in cash reaches $115,897. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,978/mo property income versus a $657/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1902
5,967 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 67357, Parsons, KS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,731 (100%) |
| Owner Occupied HU | 3,140 (54.8%) |
| Renter Occupied HU | 1,731 (30.2%) |
| Vacant Housing Units | 860 (15.0%) |
| Median Home Value | $149,849 |
| Average Home Value | $169,497 |
Housing Distribution
Address Breakdown
Residential
5,297
Single Family
5,063
Multi-Family
234
Businesses
483
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