215 N Washington AveChanuteKS66720
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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 Chanute at 215 N Washington Ave, Chanute, KS, 66720 priced at $115,000 pairs $924/mo rent with $159/mo cash flow after a $563/mo payment. Total monthly income equals $924/mo, and annual cash flow comes to $1,905/yr on $38,123 invested. Return on cash invested is 24.91% in year one, and rental yield stands at 9.64% on a $115,000 basis. Equity gained on principal adds $742/yr, and 5% annual appreciation accumulates to $31,772 by year five. Five-year ROI measures 130.25% and total cumulative return in cash reaches $49,653. For financing, Ziffy Mortgage’s DSCR program evaluates $924/mo property income against a $563/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1920
0.25 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 66720, Chanute, KS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,022 (100%) |
| Owner Occupied HU | 2,946 (58.7%) |
| Renter Occupied HU | 1,429 (28.5%) |
| Vacant Housing Units | 647 (12.9%) |
| Median Home Value | $112,418 |
| Average Home Value | $154,089 |
Housing Distribution
Address Breakdown
Residential
4,742
Single Family
4,643
Multi-Family
99
Businesses
505
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