244 S Main StHesstonKS67062
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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 Hesston at 244 S Main St, Hesston, KS, 67062 uses $61,328 cash to close to unlock $2,816/yr annual cash flow and $235/mo monthly cash flow. Total monthly income runs $1,465/mo, and a $905/mo payment keeps the spread at $235/mo. Purchase price stands at $185,000, and rental yield measures 9.5% with $1,465/mo rent. Return on cash invested shows 24.5% in year one, and 5% annual appreciation builds toward $51,112 over five years. Five-year ROI reaches 128.07% and total cumulative return in cash records $78,543. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,465/mo property income covering a $905/mo payment rather than investor’s personal income.
Single Family
Built in 1920
0.27 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 67062, Hesston, KS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,597 (100%) |
| Owner Occupied HU | 1,053 (65.9%) |
| Renter Occupied HU | 432 (27.1%) |
| Vacant Housing Units | 112 ( 7.0%) |
| Median Home Value | $213,584 |
| Average Home Value | $244,585 |
Housing Distribution
Address Breakdown
Residential
1,544
Single Family
1,440
Multi-Family
104
Businesses
138
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Listed by: Brenda Nebel • KSI Realty LLC
Mls Name: SCKMLS
Mls ID: #648477
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. This information is not verified for authenticity or accuracy, is not guaranteed and may not reflect all real estate activity in the market. 1993-2024 South Central Kansas Multiple Listing Service, Inc. All rights reserved.