208 N 13th 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
Investment property for sale in Independence at 208 N 13th St, Independence, KS, 67301 uses $36,465 cash to close to unlock $4,051/yr annual cash flow and $338/mo monthly cash flow. Total monthly income runs $1,069/mo, and a $538/mo payment keeps the spread at $338/mo. Purchase price stands at $110,000, and rental yield measures 11.66% with $1,069/mo rent. Return on cash invested shows 31.02% in year one, and 5% annual appreciation builds toward $30,391 over five years. Five-year ROI reaches 163.06% and total cumulative return in cash records $59,460. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,069/mo property income covering a $538/mo payment rather than investor’s personal income.
Single Family
Built in 1900
8,276 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: Baileigh Reister • L2 Realty, Inc
Mls Name: My State MLS
Mls ID: #11630340