202 S 6th StIndependenceKS67301
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Independence at 202 S 6th St, Independence, KS, 67301 listed at $195,000 pairs $990/mo rent with a $954/mo payment. Total monthly income runs $990/mo. Return on cash invested measures 14.21% in year one, and rental yield registers 6.09% at a $195,000 basis. Equity gained on principal adds $1,258/yr, and annual property appreciation at 5% supports $53,875 by year five. Five-year ROI tracks 72.99% and total cumulative return in cash totals $47,182. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $990/mo property income relative to a $954/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1910
6,160 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 67301, Independence, KS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,975 (100%) |
| Owner Occupied HU | 3,459 (57.9%) |
| Renter Occupied HU | 1,535 (25.7%) |
| Vacant Housing Units | 981 (16.4%) |
| Median Home Value | $143,820 |
| Average Home Value | $161,490 |
Housing Distribution
Address Breakdown
Residential
5,380
Single Family
5,183
Multi-Family
197
Businesses
634
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Valorie Defever • Coldwell Banker Pasternak Johnson
Mls Name: Heartland MLS as distributed by MLS GRID
Mls ID: #2581351