2013 N Grace Avenue CtAndoverKS67002
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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 Andover at 2013 N Grace Avenue Ct, Andover, KS, 67002 offers a 10.15% rental yield on a $299,000 purchase with $2,528/mo rent. Total monthly income registers $2,528/mo, and a $1,463/mo payment leaves $539/mo available for distribution. Annual cash flow reaches $6,471/yr on $99,119 to close, and return on cash invested stands at 26.44% in year one. Equity gained on principal adds $1,929/yr while 5% annual appreciation supports $82,608 over five years. Portfolio math shows five-year ROI at 138.49% and total cumulative return in cash at $137,266. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,528/mo property income against a $1,463/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1995
0.27 Acres 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
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