21043 Highway 59ParsonsKS67357
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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 Parsons at 21043 Highway 59, Parsons, KS, 67357 generates $2,138/mo in rent, after a $6,240/mo payment. Total monthly income is $2,138/mo. Return on cash invested sits at 1.94% in year one, and rental yield is 2.01% on a $1,275,000 entry. Equity gained on principal adds $8,227/yr, while 5% annual appreciation builds toward $352,259 over five years. Five-year ROI reaches 7.02% and total cumulative return in cash sums $29,006. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,138/mo property income rather than buyer’s personal income.
Single Family
Built in 1978
120 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 67357, Parsons, KS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,731 (100%) |
| Owner Occupied HU | 3,140 (54.8%) |
| Renter Occupied HU | 1,731 (30.2%) |
| Vacant Housing Units | 860 (15.0%) |
| Median Home Value | $149,849 |
| Average Home Value | $169,497 |
Housing Distribution
Address Breakdown
Residential
5,297
Single Family
5,063
Multi-Family
234
Businesses
483
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
No similar price properties found nearby.