217 Lakeside DrCheneyKS67025
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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 Cheney at 217 Lakeside Dr, Cheney, KS, 67025 offers $2,167/mo rent that, after a $1,216/mo payment, leaves $514/mo cash flow. Total monthly income is $2,167/mo, and annual cash flow is $6,169/yr on $82,374 cash. Return on cash invested measures 27.4% in year one, and rental yield stands at 10.46% at a $248,490 entry. Equity gained on principal adds $1,603/yr while 5% annual appreciation compounds into $68,653 by year five. Five-year ROI records 143.67% and total cumulative return in cash reaches $118,348. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,167/mo property income versus a $1,216/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 2024
9,583 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 67025, Cheney, KS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,622 (100%) |
| Owner Occupied HU | 1,188 (73.2%) |
| Renter Occupied HU | 319 (19.7%) |
| Vacant Housing Units | 115 ( 7.1%) |
| Median Home Value | $271,123 |
| Average Home Value | $299,548 |
Housing Distribution
Address Breakdown
Residential
1,285
Single Family
1,285
Multi-Family
0
Businesses
86
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