232 Summer CtNewtonKS67114
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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 Newton at 232 Summer Ct, Newton, KS, 67114 listed at $307,150 pairs $900/mo rent with a $1,503/mo payment. Total monthly income runs $900/mo. Return on cash invested measures 6.44% in year one, and rental yield registers 3.52% at a $307,150 basis. Equity gained on principal adds $1,982/yr, and annual property appreciation at 5% supports $84,860 by year five. Five-year ROI tracks 31.2% and total cumulative return in cash totals $31,765. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $900/mo property income relative to a $1,503/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 2025
0.26 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 67114, Newton, KS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,484 (100%) |
| Owner Occupied HU | 5,752 (60.6%) |
| Renter Occupied HU | 2,808 (29.6%) |
| Vacant Housing Units | 924 ( 9.7%) |
| Median Home Value | $173,253 |
| Average Home Value | $211,330 |
Housing Distribution
Address Breakdown
Residential
8,971
Single Family
8,686
Multi-Family
285
Businesses
765
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