220 S Larson 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 220 S Larson Ave, Chanute, KS, 66720 offers $1,322/mo rent that, after a $842/mo payment, leaves $178/mo cash flow. Total monthly income is $1,322/mo, and annual cash flow is $2,131/yr on $57,018 cash. Return on cash invested measures 23.65% in year one, and rental yield stands at 9.22% at a $172,000 entry. Equity gained on principal adds $1,110/yr while 5% annual appreciation compounds into $47,520 by year five. Five-year ROI records 123.52% and total cumulative return in cash reaches $70,429. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,322/mo property income versus a $842/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1953
0.32 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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