216 S 14th 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 216 S 14th St, Independence, KS, 67301 generates $986/mo in rent and, after a $514/mo payment, leaves $287/mo in cash flow. Total monthly income is $986/mo, and annual cash flow is $3,448/yr on $34,808 invested. Return on cash invested sits at 29.82% in year one, and rental yield is 11.27% on a $105,000 entry. Equity gained on principal adds $678/yr, while 5% annual appreciation builds toward $29,010 over five years. Five-year ROI reaches 156.66% and total cumulative return in cash sums $54,530. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $986/mo property income rather than buyer’s personal income.
Single Family
Built in 1905
8,151 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: Sara Kattenberg • L2 Realty, Inc.
Mls Name: Heartland MLS as distributed by MLS GRID
Mls ID: #2581926