231 S Fairway CirAndoverKS67002
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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 Andover at 231 S Fairway Cir, Andover, KS, 67002 priced at $359,900 converts $2,728/mo rent into $333/mo cash flow after a $1,762/mo obligation. Total monthly income equals $2,728/mo, and annual cash flow totals $3,998/yr on $119,307 invested. Return on cash invested prints 23.26% in year one, and rental yield reads 9.1% against a $359,900 entry. Equity gained on principal adds $2,322/yr, while 5% annual appreciation compiles into $99,434 by year five. Five-year ROI reaches 121.44% and total cumulative return in cash sums $144,890. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,728/mo property income covering a $1,762/mo payment, not borrower’s personal income.
Single Family
Built in 1997
0.33 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 67002, Andover, KS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,452 (100%) |
| Owner Occupied HU | 4,625 (71.7%) |
| Renter Occupied HU | 1,388 (21.5%) |
| Vacant Housing Units | 439 ( 6.8%) |
| Median Home Value | $280,299 |
| Average Home Value | $307,744 |
Housing Distribution
Address Breakdown
Residential
6,282
Single Family
5,874
Multi-Family
408
Businesses
576
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