2603 Westminster DrHutchinsonKS67502
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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 Hutchinson at 2603 Westminster Dr, Hutchinson, KS, 67502 priced at $240,000 converts $2,266/mo rent into $631/mo cash flow after a $1,175/mo obligation. Total monthly income equals $2,266/mo, and annual cash flow totals $7,574/yr on $79,560 invested. Return on cash invested prints 29.43% in year one, and rental yield reads 11.33% against a $240,000 entry. Equity gained on principal adds $1,549/yr, while 5% annual appreciation compiles into $66,308 by year five. Five-year ROI reaches 154.74% and total cumulative return in cash sums $123,110. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,266/mo property income covering a $1,175/mo payment, not borrower’s personal income.
Single Family
Built in 1978
10,454 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 67502, Hutchinson, KS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,977 (100%) |
| Owner Occupied HU | 7,500 (68.3%) |
| Renter Occupied HU | 2,649 (24.1%) |
| Vacant Housing Units | 828 ( 7.5%) |
| Median Home Value | $203,460 |
| Average Home Value | $244,115 |
Housing Distribution
Address Breakdown
Residential
10,201
Single Family
9,484
Multi-Family
717
Businesses
400
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Listed by: BARBARA NICKELS • Realty Executives 4Results, Inc.
Mls Name: Mid Kansas MLS & Prairie Land Realtors
Mls ID: #51498
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. Information is deemed reliable but not guaranteed.