303 S Larson AveChanuteKS66720
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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 Chanute at 303 S Larson Ave, Chanute, KS, 66720 with 5% annual appreciation on a $159,000 basis while $1,690/mo rent supports operations. Total monthly income totals $1,690/mo and a $778/mo payment preserves $632/mo for cash returns. Annual cash flow comes to $7,589/yr on $52,709 deployed, and return on cash invested reaches 34.31% in year one. Equity gained on principal adds $1,026/yr, and five-year appreciation sums $43,929 alongside rental yield of 12.75%. Five-year ROI measures 180.7% and total cumulative return in cash totals $95,244.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,690/mo property income versus a $778/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1951
0.29 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 66720, Chanute, KS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,022 (100%) |
| Owner Occupied HU | 2,946 (58.7%) |
| Renter Occupied HU | 1,429 (28.5%) |
| Vacant Housing Units | 647 (12.9%) |
| Median Home Value | $112,418 |
| Average Home Value | $154,089 |
Housing Distribution
Address Breakdown
Residential
4,742
Single Family
4,643
Multi-Family
99
Businesses
505
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