229 S 15th StIndependenceKS67301
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Independence at 229 S 15th St, Independence, KS, 67301 offers a 11.45% rental yield on a $165,000 purchase with $1,574/mo rent. Total monthly income registers $1,574/mo, and a $808/mo payment leaves $476/mo available for distribution. Annual cash flow reaches $5,710/yr on $54,698 to close, and return on cash invested stands at 30.35% in year one. Equity gained on principal adds $1,065/yr while 5% annual appreciation supports $45,586 over five years. Portfolio math shows five-year ROI at 159.43% and total cumulative return in cash at $87,203. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,574/mo property income against a $808/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1915
0.34 Acres 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Cally Reister • L2 Realty, Inc
Mls Name: My State MLS
Mls ID: #11470873