1518 E 23rd AveHutchinsonKS67502
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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 1518 E 23rd Ave, Hutchinson, KS, 67502 uses $62,156 cash to close to unlock $5,116/yr annual cash flow and $426/mo monthly cash flow. Total monthly income runs $1,674/mo, and a $918/mo payment keeps the spread at $426/mo. Purchase price stands at $187,500, and rental yield measures 10.71% with $1,674/mo rent. Return on cash invested shows 28.14% in year one, and 5% annual appreciation builds toward $51,803 over five years. Five-year ROI reaches 147.65% and total cumulative return in cash records $91,771. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,674/mo property income covering a $918/mo payment rather than investor’s personal income.
Single Family
Built in 1930
1.80 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 67502, Hutchinson, KS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,977 (100%) |
| Owner Occupied HU | 7,500 (68.3%) |
| Renter Occupied HU | 2,649 (24.1%) |
| Vacant Housing Units | 828 ( 7.5%) |
| Median Home Value | $203,460 |
| Average Home Value | $244,115 |
Housing Distribution
Address Breakdown
Residential
10,201
Single Family
9,484
Multi-Family
717
Businesses
400
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Listed by: Moises Segoviano • KW INTEGRITY
Mls Name: LBORMLS
Mls Provider:
Mls ID: #163202
Disclaimer: The data displayed on this page is confidential, proprietary, and copyrighted data of Lawrence Multiple Listing Service, Inc., of the Lawrence, Kansas, Board of REALTORS, Copyright 2025. Lawrence Multiple Listing Service, Inc., and Zillow, Inc. do not make any warranty or representation concerning the timeliness or accuracy of the data displayed herein. In consideration for the receipt of the data on this page, the recipient agrees to use the data solely for the private non-commercial purpose of identifying a property in which the recipient has a good faith interest in acquiring.