205 E Maple StIndependenceKS67301
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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 Independence at 205 E Maple St, Independence, KS, 67301 priced at $105,000 converts $813/mo rent into $114/mo cash flow after a $514/mo obligation. Total monthly income equals $813/mo, and annual cash flow totals $1,372/yr on $34,808 invested. Return on cash invested prints 23.85% in year one, and rental yield reads 9.29% against a $105,000 entry. Equity gained on principal adds $678/yr, while 5% annual appreciation compiles into $29,010 by year five. Five-year ROI reaches 124.67% and total cumulative return in cash sums $43,394. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $813/mo property income covering a $514/mo payment, not borrower’s personal income.
Single Family
Built in 1930
3,920 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
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Listed by: Jeremy Harris • L2 Realty, Inc
Mls Name: My State MLS
Mls ID: #11588692