2401 Purcells MlManhattanKS66502
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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 Manhattan at 2401 Purcells Ml, Manhattan, KS, 66502 uses $62,156 cash to close to unlock $5,183/yr annual cash flow and $432/mo monthly cash flow. Total monthly income runs $1,824/mo, and a $918/mo payment keeps the spread at $432/mo. Purchase price stands at $187,500, and rental yield measures 11.67% with $1,824/mo rent. Return on cash invested shows 28.25% in year one, and 5% annual appreciation builds toward $51,803 over five years. Five-year ROI reaches 149.17% and total cumulative return in cash records $92,719. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,824/mo property income covering a $918/mo payment rather than investor’s personal income.
Single Family
Built in 1979
8,712 sqft lot
$N/A/sqft
$135 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 66502, Manhattan, KS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 21,707 (100%) |
| Owner Occupied HU | 7,912 (36.4%) |
| Renter Occupied HU | 11,060 (51.0%) |
| Vacant Housing Units | 2,735 (12.6%) |
| Median Home Value | $233,725 |
| Average Home Value | $253,496 |
Housing Distribution
Address Breakdown
Residential
19,895
Single Family
15,511
Multi-Family
4,384
Businesses
1,625
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Listed by: Jim Blanton • Blanton Realty
Mls Name: FHARMLS
Mls Provider:
Mls ID: #20242485
Disclaimer: IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Listing information is deemed reliable, but not guaranteed.