183 Indian Lakes DrClearwaterKS67026
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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 Clearwater at 183 Indian Lakes Dr, Clearwater, KS, 67026 priced at $159,900 converts $1,578/mo rent into $514/mo cash flow after a $783/mo obligation. Total monthly income equals $1,578/mo, and annual cash flow totals $6,166/yr on $53,007 invested. Return on cash invested prints 31.54% in year one, and rental yield reads 11.84% against a $159,900 entry. Equity gained on principal adds $1,032/yr, while 5% annual appreciation compiles into $44,177 by year five. Five-year ROI reaches 165.84% and total cumulative return in cash sums $87,906. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,578/mo property income covering a $783/mo payment, not borrower’s personal income.
Multi Family
Built in 2023
4,791 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 67026, Clearwater, KS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,918 (100%) |
| Owner Occupied HU | 1,486 (77.5%) |
| Renter Occupied HU | 327 (17.0%) |
| Vacant Housing Units | 105 ( 5.5%) |
| Median Home Value | $305,185 |
| Average Home Value | $331,248 |
Housing Distribution
Address Breakdown
Residential
1,833
Single Family
1,681
Multi-Family
152
Businesses
118
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Listed by: Kimberly Love • LPT Realty, LLC
Mls Name: SCKMLS
Mls ID: #665965