246 E 14th StBaxter SpringsKS66713
INVESTMENT ANALYSIS
Investment Verdict
Appreciation PlayYield and appreciation often trade off, and at 246 E 14th St, Baxter Springs, KS, 66713 in Baxter Springs the bet is firmly on appreciation. Rental yield 5.98%. The 5.98% gross yield on a $132,500 price is below income-first thresholds, but 5%/yr value growth projects $36,607 in equity by year five. Ziffy Mortgage's non-U.S. DSCR mortgage (1.11) finances the acquisition on rental income alone. A larger down payment (30–35%) reduces monthly debt service and tightens the spread. Total projected cumulative return: $36,298.
| This Property | National Avg | |
|---|---|---|
| Gross Rental Yield | 6% | 6.2% |
| Monthly Cash Flow | $(221) | $180 |
National averages based on 2024–2025 U.S. residential rental market data. Content is user-generated and unverified.
DSCR Loan Qualification
| Monthly Rental Income | $660 |
| Total Monthly Debt Service | $829 |
| DSCR Ratio | 0.80x |
Ziffy Mortgage typically prefers a DSCR of 1.0+, but in some cases you may qualify with a DSCR below 1. To explore if this deal qualifies for an investment mortgage, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 1900
0.42 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 66713, Baxter Springs, KS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,496 (100%) |
| Owner Occupied HU | 1,457 (58.4%) |
| Renter Occupied HU | 646 (25.9%) |
| Vacant Housing Units | 393 (15.7%) |
| Median Home Value | $113,932 |
| Average Home Value | $139,537 |
Housing Distribution
Address Breakdown
Residential
2,255
Single Family
2,248
Multi-Family
7
Businesses
184
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Single Family
Built in 1900
0.42 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 66713, Baxter Springs, KS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,496 (100%) |
| Owner Occupied HU | 1,457 (58.4%) |
| Renter Occupied HU | 646 (25.9%) |
| Vacant Housing Units | 393 (15.7%) |
| Median Home Value | $113,932 |
| Average Home Value | $139,537 |
Housing Distribution
Address Breakdown
Residential
2,255
Single Family
2,248
Multi-Family
7
Businesses
184
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Becky McDaniel • REALPRO
Mls Name: Heartland MLS as distributed by MLS GRID
Mls ID: #2491146