2609 W Ridge DrEmporiaKS66801
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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 Emporia at 2609 W Ridge Dr, Emporia, KS, 66801 priced at $309,900 converts $2,027/mo rent into after a $1,517/mo obligation. Total monthly income equals $2,027/mo. Return on cash invested prints 18.92% in year one, and rental yield reads 7.85% against a $309,900 entry. Equity gained on principal adds $2,000/yr, while 5% annual appreciation compiles into $85,620 by year five. Five-year ROI reaches 98.38% and total cumulative return in cash sums $101,064. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,027/mo property income covering a $1,517/mo payment, not borrower’s personal income.
Single Family
Built in 1983
0.27 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 66801, Emporia, KS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,957 (100%) |
| Owner Occupied HU | 6,495 (50.1%) |
| Renter Occupied HU | 4,805 (37.1%) |
| Vacant Housing Units | 1,657 (12.8%) |
| Median Home Value | $165,599 |
| Average Home Value | $212,110 |
Housing Distribution
Address Breakdown
Residential
12,141
Single Family
11,190
Multi-Family
951
Businesses
1,079
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