203 Delaware StHiawathaKS66434
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowThis Hiawatha rental at 203 Delaware St, Hiawatha, KS, 66434 sits in the solid-income band: 11.28% gross yield, $1,326/mo rent, $387/mo net after the $634/mo debt service, DSCR 2.09. Entry price of $141,100 is well-calibrated for the income it produces. Ziffy Mortgage finances this type of asset on rental income alone, no tax returns, no U.S. credit profile. Projected five-year appreciation of $38,983 and $1,300/yr in principal reduction bring total cumulative return to $78,734.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 11.3% | 7.2% |
| Monthly Cash Flow | $387 | $350 |
City averages based on Hiawatha market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,326 |
| Total Monthly Debt Service | $883 |
| DSCR Ratio | 1.50x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 1920
50 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 66434, Hiawatha, KS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,244 (100%) |
| Owner Occupied HU | 1,322 (58.9%) |
| Renter Occupied HU | 646 (28.8%) |
| Vacant Housing Units | 276 (12.3%) |
| Median Home Value | $147,619 |
| Average Home Value | $205,189 |
Housing Distribution
Address Breakdown
Residential
2,097
Single Family
1,998
Multi-Family
99
Businesses
302
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
Single Family
Built in 1920
50 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 66434, Hiawatha, KS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,244 (100%) |
| Owner Occupied HU | 1,322 (58.9%) |
| Renter Occupied HU | 646 (28.8%) |
| Vacant Housing Units | 276 (12.3%) |
| Median Home Value | $147,619 |
| Average Home Value | $205,189 |
Housing Distribution
Address Breakdown
Residential
2,097
Single Family
1,998
Multi-Family
99
Businesses
302
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices