1602 W Blanchard AveSouth HutchinsonKS67505
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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
Investment property for sale in South Hutchinson at 1602 W Blanchard Ave, South Hutchinson, KS, 67505 offers a 9.13% rental yield on a $135,000 purchase with $1,027/mo rent. Total monthly income registers $1,027/mo, and a $661/mo payment leaves $129/mo available for distribution. Annual cash flow reaches $1,543/yr on $44,753 to close, and return on cash invested stands at 23.36% in year one. Equity gained on principal adds $871/yr while 5% annual appreciation supports $37,298 over five years. Portfolio math shows five-year ROI at 122.01% and total cumulative return in cash at $54,601. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,027/mo property income against a $661/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1910
0.46 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 67505, South Hutchinson, KS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,294 (100%) |
| Owner Occupied HU | 694 (53.6%) |
| Renter Occupied HU | 475 (36.7%) |
| Vacant Housing Units | 125 ( 9.7%) |
| Median Home Value | $155,178 |
| Average Home Value | $189,200 |
Housing Distribution
Address Breakdown
Residential
1,141
Single Family
1,048
Multi-Family
93
Businesses
121
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Listed by: Gabby Zwickl • ReeceNichols South Central Kansas
Mls Name: Mid Kansas MLS & Prairie Land Realtors
Mls ID: #54049