23 Detroit DrSouth HutchinsonKS67505
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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 South Hutchinson at 23 Detroit Dr, South Hutchinson, KS, 67505 with 5% annual appreciation on a $141,000 basis while $780/mo rent supports operations. 85% in year one. Equity gained on principal adds $910/yr, and five-year appreciation sums $38,956 alongside rental yield of 6.64%. Five-year ROI measures 81.82% and total cumulative return in cash totals $38,244. Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $780/mo property income versus a $690/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1970
8,712 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 67505, South Hutchinson, KS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,294 (100%) |
| Owner Occupied HU | 694 (53.6%) |
| Renter Occupied HU | 475 (36.7%) |
| Vacant Housing Units | 125 ( 9.7%) |
| Median Home Value | $155,178 |
| Average Home Value | $189,200 |
Housing Distribution
Address Breakdown
Residential
1,141
Single Family
1,048
Multi-Family
93
Businesses
121
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Listed by: Markus Dawes • Coldwell Banker Americana, Realtors
Mls Name: Mid Kansas MLS & Prairie Land Realtors
Mls ID: #52185
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.