2241 Road 240ReadingKS66868
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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
Investment property for sale in Reading at 2241 Road 240, Reading, KS, 66868 earns from $2,278/mo rent with a $6,275/mo payment. Total monthly income totals $2,278/mo. ROI tracks 2.31% on current figures, and rental yield reads 2.13% at a $1,282,000 purchase. Equity gained on principal adds $8,273/yr, and 5% annual appreciation supports $354,193 over five years. Five-year ROI reaches 8.99% and total cumulative return in cash sums $37,348. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,278/mo property income instead of your personal income.
Single Family
Built in 1900
77 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 66868, Reading, KS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 322 (100%) |
| Owner Occupied HU | 257 (79.8%) |
| Renter Occupied HU | 37 (11.5%) |
| Vacant Housing Units | 28 ( 8.7%) |
| Median Home Value | $255,078 |
| Average Home Value | $289,893 |
Housing Distribution
Address Breakdown
Residential
289
Single Family
289
Multi-Family
0
Businesses
10
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