217 S Cherry StRichmondKS66080
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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 Richmond at 217 S Cherry St, Richmond, KS, 66080 priced at $150,000 pairs $0/mo rent with after a $734/mo payment. Total monthly income equals $0/mo. Return on cash invested is -4.17% in year one, and rental yield stands at 0% on a $150,000 basis. Equity gained on principal adds $968/yr, and 5% annual appreciation accumulates to $41,442 by year five. For financing, Ziffy Mortgage’s DSCR program evaluates $0/mo property income against a $734/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1962
0.45 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 66080, Richmond, KS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 458 (100%) |
| Owner Occupied HU | 348 (76.0%) |
| Renter Occupied HU | 59 (12.9%) |
| Vacant Housing Units | 51 (11.1%) |
| Median Home Value | $228,241 |
| Average Home Value | $237,170 |
Housing Distribution
Address Breakdown
Residential
325
Single Family
325
Multi-Family
0
Businesses
21
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No similar rental properties found nearby.
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