202 W 8th StNewtonKS67114
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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 Newton at 202 W 8th St, Newton, KS, 67114 generates $1,128/mo in rent, after a $1,126/mo payment. Total monthly income is $1,128/mo. Return on cash invested sits at 13.58% in year one, and rental yield is 5.89% on a $229,990 entry. Equity gained on principal adds $1,484/yr, while 5% annual appreciation builds toward $63,542 over five years. Five-year ROI reaches 69.49% and total cumulative return in cash sums $52,984. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,128/mo property income rather than buyer’s personal income.
Single Family
Built in 1925
8,712 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 67114, Newton, KS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,484 (100%) |
| Owner Occupied HU | 5,752 (60.6%) |
| Renter Occupied HU | 2,808 (29.6%) |
| Vacant Housing Units | 924 ( 9.7%) |
| Median Home Value | $173,253 |
| Average Home Value | $211,330 |
Housing Distribution
Address Breakdown
Residential
8,971
Single Family
8,686
Multi-Family
285
Businesses
765
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