209 E 2nd StWaverlyKS66871
INVESTMENT ANALYSIS
Investment Verdict
Appreciation PlayGlobal investors willing to prioritise equity over near-term yield will find 209 E 2nd St, Waverly, KS, 66871 in Waverly worth study. Rental yield 5.6%. The 5.6% gross yield is below cash-flow benchmarks at $220,000, but 5% annual appreciation, adding $60,782 over five years, frames this as a capital growth position. Rent of $1,026/mo partially offsets the $989/mo payment. Ziffy Mortgage finances appreciation-play properties (1.04 DSCR) for non-U.S. residents without domestic income documentation; a 30–35% down payment maximises coverage. Total projected return: $55,766.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 5.6% | 6.0% |
| Monthly Cash Flow | $(438) | $300 |
City averages based on Waverly market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,026 |
| Total Monthly Debt Service | $1,376 |
| DSCR Ratio | 0.75x |
Ziffy Mortgage typically prefers a DSCR of 1.0+, but in some cases you may qualify with a DSCR below 1. To explore if this deal qualifies for an investment mortgage, 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 1965
0.64 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 66871, Waverly, KS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 586 (100%) |
| Owner Occupied HU | 428 (73.0%) |
| Renter Occupied HU | 89 (15.2%) |
| Vacant Housing Units | 69 (11.8%) |
| Median Home Value | $154,487 |
| Average Home Value | $209,246 |
Housing Distribution
Address Breakdown
Residential
442
Single Family
442
Multi-Family
0
Businesses
31
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 1965
0.64 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 66871, Waverly, KS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 586 (100%) |
| Owner Occupied HU | 428 (73.0%) |
| Renter Occupied HU | 89 (15.2%) |
| Vacant Housing Units | 69 (11.8%) |
| Median Home Value | $154,487 |
| Average Home Value | $209,246 |
Housing Distribution
Address Breakdown
Residential
442
Single Family
442
Multi-Family
0
Businesses
31
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices