2002 N Michigan StPittsburgKS66762
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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 Pittsburg at 2002 N Michigan St, Pittsburg, KS, 66762 offers a 8.13% rental yield on a $239,000 purchase with $1,620/mo rent. Total monthly income registers $1,620/mo, and a $1,170/mo payment leaves $30/mo available for distribution. Annual cash flow reaches $357/yr on $79,229 to close, and return on cash invested stands at 20.36% in year one. Equity gained on principal adds $1,542/yr while 5% annual appreciation supports $66,031 over five years. Portfolio math shows five-year ROI at 105.87% and total cumulative return in cash at $83,880. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,620/mo property income against a $1,170/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1977
0.29 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 66762, Pittsburg, KS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,800 (100%) |
| Owner Occupied HU | 5,034 (42.7%) |
| Renter Occupied HU | 5,147 (43.6%) |
| Vacant Housing Units | 1,619 (13.7%) |
| Median Home Value | $175,694 |
| Average Home Value | $211,929 |
Housing Distribution
Address Breakdown
Residential
10,422
Single Family
10,032
Multi-Family
390
Businesses
976
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