1823 Cedar Crest DrManhattanKS66503
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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
Investment property for sale in Manhattan at 1823 Cedar Crest Dr, Manhattan, KS, 66503 listed at $279,000 pairs $2,293/mo rent with a $1,366/mo payment to leave $370/mo cash flow. Total monthly income runs $2,293/mo, and annual cash flow reaches $4,445/yr on $92,489 cash to close. Return on cash invested measures 24.71% in year one, and rental yield registers 9.86% at a $279,000 basis. Equity gained on principal adds $1,800/yr, and annual property appreciation at 5% supports $77,083 by year five. Five-year ROI tracks 129.55% and total cumulative return in cash totals $119,815. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,293/mo property income relative to a $1,366/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1976
0.30 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 66503, Manhattan, KS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,914 (100%) |
| Owner Occupied HU | 4,441 (56.1%) |
| Renter Occupied HU | 2,630 (33.2%) |
| Vacant Housing Units | 843 (10.7%) |
| Median Home Value | $343,238 |
| Average Home Value | $385,645 |
Housing Distribution
Address Breakdown
Residential
7,677
Single Family
6,970
Multi-Family
707
Businesses
292
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Listed by: Phil Ryan • Ryan & Sons REALTORS
Mls Name: FHARMLS
Mls Provider:
Mls ID: #20251047
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.