1616 Fairview AveManhattanKS66502
Nearby investment properties with comparable rents
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
Rental property for sale in Manhattan at 1616 Fairview Ave, Manhattan, KS, 66502 generates $1,473/mo in rent and, after a $1,003/mo payment, leaves $96/mo in cash flow. Total monthly income is $1,473/mo, and annual cash flow is $1,153/yr on $67,958 invested. Return on cash invested sits at 21.61% in year one, and rental yield is 8.62% on a $205,000 entry. Equity gained on principal adds $1,323/yr, while 5% annual appreciation builds toward $56,638 over five years. Five-year ROI reaches 112.7% and total cumulative return in cash sums $76,590. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,473/mo property income rather than buyer’s personal income.
Single Family
Built in 1920
9,147 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 66502, Manhattan, KS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 21,707 (100%) |
| Owner Occupied HU | 7,912 (36.4%) |
| Renter Occupied HU | 11,060 (51.0%) |
| Vacant Housing Units | 2,735 (12.6%) |
| Median Home Value | $233,725 |
| Average Home Value | $253,496 |
Housing Distribution
Address Breakdown
Residential
19,895
Single Family
15,511
Multi-Family
4,384
Businesses
1,625
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Jolene Roberts • Sells MHK
Mls Name: FHARMLS
Mls Provider:
Mls ID: #20251754
Disclaimer: IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Listing information is deemed reliable, but not guaranteed.