20344 W 193rd TerSpring HillKS66083
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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 Spring Hill at 20344 W 193rd Ter, Spring Hill, KS, 66083 uses $109,395 cash to close to unlock $945/yr annual cash flow and $79/mo monthly cash flow. Total monthly income runs $2,274/mo, and a $1,615/mo payment keeps the spread at $79/mo. Purchase price stands at $330,000, and rental yield measures 8.27% with $2,274/mo rent. Return on cash invested shows 20.77% in year one, and 5% annual appreciation builds toward $91,173 over five years. Five-year ROI reaches 108.08% and total cumulative return in cash records $118,235. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,274/mo property income covering a $1,615/mo payment rather than investor’s personal income.
Single Family
Built in 2024
7,113 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 66083, Spring Hill, KS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,940 (100%) |
| Owner Occupied HU | 3,876 (78.5%) |
| Renter Occupied HU | 793 (16.1%) |
| Vacant Housing Units | 271 ( 5.5%) |
| Median Home Value | $388,499 |
| Average Home Value | $458,838 |
Housing Distribution
Address Breakdown
Residential
4,877
Single Family
4,855
Multi-Family
22
Businesses
230
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Listed by: Brian Egan • Weichert, Realtors Welch & Com
Mls Name: Heartland MLS as distributed by MLS GRID
Mls ID: #2594404