1713 N Terry LnAndoverKS67002
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowDay-one income is the story at 1713 N Terry Ln, Andover, KS, 67002 in Andover. Priced at $229,500, it generates $2,110/mo in gross rent and $583/mo in net monthly cash flow, a 11.03% yield that comfortably supports the 2.04 DSCR needed for Ziffy Mortgage's no-W2 DSCR mortgage. Projected annual cash flow: $6,993. Five-year appreciation: $63,407. Equity from principal paydown: $2,114/yr. Total projected cumulative return: $125,030.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 11% | 6.2% |
| Monthly Cash Flow | $583 | $1,850 |
City averages based on Andover market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,110 |
| Total Monthly Debt Service | $1,436 |
| DSCR Ratio | 1.47x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 1969
9,583 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 67002, Andover, KS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,452 (100%) |
| Owner Occupied HU | 4,625 (71.7%) |
| Renter Occupied HU | 1,388 (21.5%) |
| Vacant Housing Units | 439 ( 6.8%) |
| Median Home Value | $280,299 |
| Average Home Value | $307,744 |
Housing Distribution
Address Breakdown
Residential
6,282
Single Family
5,874
Multi-Family
408
Businesses
576
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
Single Family
Built in 1969
9,583 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 67002, Andover, KS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,452 (100%) |
| Owner Occupied HU | 4,625 (71.7%) |
| Renter Occupied HU | 1,388 (21.5%) |
| Vacant Housing Units | 439 ( 6.8%) |
| Median Home Value | $280,299 |
| Average Home Value | $307,744 |
Housing Distribution
Address Breakdown
Residential
6,282
Single Family
5,874
Multi-Family
408
Businesses
576
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices