1951 Crescent 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
Rental property for sale in Manhattan at 1951 Crescent Dr, Manhattan, KS, 66503 priced at $345,000 converts $2,428/mo rent into $119/mo cash flow after a $1,689/mo obligation. Total monthly income equals $2,428/mo, and annual cash flow totals $1,433/yr on $114,368 invested. Return on cash invested prints 21.16% in year one, and rental yield reads 8.45% against a $345,000 entry. Equity gained on principal adds $2,226/yr, while 5% annual appreciation compiles into $95,317 by year five. Five-year ROI reaches 110.24% and total cumulative return in cash sums $126,076. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,428/mo property income covering a $1,689/mo payment, not borrower’s personal income.
Single Family
Built in 1987
0.35 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: Robin Davis • RE/MAX Signature Properties (MHK)
Mls Name: FHARMLS
Mls Provider:
Mls ID: #20241933
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.