23 Wheatland DrHutchinsonKS67502
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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 Hutchinson at 23 Wheatland Dr, Hutchinson, KS, 67502 uses $48,731 cash to close to unlock $5,539/yr annual cash flow and $462/mo monthly cash flow. Total monthly income runs $1,453/mo, and a $719/mo payment keeps the spread at $462/mo. Purchase price stands at $147,000, and rental yield measures 11.86% with $1,453/mo rent. Return on cash invested shows 31.28% in year one, and 5% annual appreciation builds toward $40,613 over five years. Five-year ROI reaches 164.55% and total cumulative return in cash records $80,184. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,453/mo property income covering a $719/mo payment rather than investor’s personal income.
Single Family
Built in 1954
7,841 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 67502, Hutchinson, KS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,977 (100%) |
| Owner Occupied HU | 7,500 (68.3%) |
| Renter Occupied HU | 2,649 (24.1%) |
| Vacant Housing Units | 828 ( 7.5%) |
| Median Home Value | $203,460 |
| Average Home Value | $244,115 |
Housing Distribution
Address Breakdown
Residential
10,201
Single Family
9,484
Multi-Family
717
Businesses
400
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