1610 W Main StChanuteKS66720
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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 Chanute at 1610 W Main St, Chanute, KS, 66720 priced at $204,300 converts $2,122/mo rent into $763/mo cash flow after a $1,000/mo obligation. Total monthly income equals $2,122/mo, and annual cash flow totals $9,153/yr on $67,725 invested. Return on cash invested prints 33.42% in year one, and rental yield reads 12.46% against a $204,300 entry. Equity gained on principal adds $1,318/yr, while 5% annual appreciation compiles into $56,444 by year five. Five-year ROI reaches 175.93% and total cumulative return in cash sums $119,150. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,122/mo property income covering a $1,000/mo payment, not borrower’s personal income.
Single Family
Built in 1930
2.88 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 66720, Chanute, KS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,022 (100%) |
| Owner Occupied HU | 2,946 (58.7%) |
| Renter Occupied HU | 1,429 (28.5%) |
| Vacant Housing Units | 647 (12.9%) |
| Median Home Value | $112,418 |
| Average Home Value | $154,089 |
Housing Distribution
Address Breakdown
Residential
4,742
Single Family
4,643
Multi-Family
99
Businesses
505
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