299 E 7th StHoytKS66440
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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 Hoyt at 299 E 7th St, Hoyt, KS, 66440 generates $1,260/mo in rent, after a $1,542/mo payment. Total monthly income is $1,260/mo. Return on cash invested sits at 10.3% in year one, and rental yield is 4.8% on a $315,000 entry. Equity gained on principal adds $2,033/yr, while 5% annual appreciation builds toward $87,029 over five years. Five-year ROI reaches 51.98% and total cumulative return in cash sums $54,281. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,260/mo property income rather than buyer’s personal income.
Single Family
Built in 2014
0.27 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 66440, Hoyt, KS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 834 (100%) |
| Owner Occupied HU | 657 (78.8%) |
| Renter Occupied HU | 117 (14.0%) |
| Vacant Housing Units | 60 ( 7.2%) |
| Median Home Value | $198,459 |
| Average Home Value | $214,365 |
Housing Distribution
Address Breakdown
Residential
704
Single Family
704
Multi-Family
0
Businesses
22
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