1605 Spruceway StAbileneKS67410
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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 Abilene at 1605 Spruceway St, Abilene, KS, 67410 offers $1,877/mo rent that, after a $1,049/mo payment, leaves $451/mo cash flow. Total monthly income is $1,877/mo, and annual cash flow is $5,412/yr on $71,074 cash. Return on cash invested measures 27.52% in year one, and rental yield stands at 10.51% at a $214,400 entry. Equity gained on principal adds $1,383/yr while 5% annual appreciation compounds into $59,235 by year five. Five-year ROI records 144.36% and total cumulative return in cash reaches $102,605. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,877/mo property income versus a $1,049/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1962
9,583 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 67410, Abilene, KS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,589 (100%) |
| Owner Occupied HU | 2,964 (64.6%) |
| Renter Occupied HU | 1,105 (24.1%) |
| Vacant Housing Units | 520 (11.3%) |
| Median Home Value | $174,213 |
| Average Home Value | $205,179 |
Housing Distribution
Address Breakdown
Residential
4,482
Single Family
4,256
Multi-Family
226
Businesses
449
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