303 S Somerset StNorwichKS67118
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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 Norwich at 303 S Somerset St, Norwich, KS, 67118 priced at $178,400 pairs $1,705/mo rent with $431/mo cash flow after a $873/mo payment. Total monthly income equals $1,705/mo, and annual cash flow comes to $5,176/yr on $59,140 invested. Return on cash invested is 28.66% in year one, and rental yield stands at 11.47% on a $178,400 basis. Equity gained on principal adds $1,151/yr, and 5% annual appreciation accumulates to $49,289 by year five. Five-year ROI measures 151.08% and total cumulative return in cash reaches $89,346. For financing, Ziffy Mortgage’s DSCR program evaluates $1,705/mo property income against a $873/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1890
0.50 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 67118, Norwich, KS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 330 (100%) |
| Owner Occupied HU | 238 (72.1%) |
| Renter Occupied HU | 56 (17.0%) |
| Vacant Housing Units | 36 (10.9%) |
| Median Home Value | $166,667 |
| Average Home Value | $210,378 |
Housing Distribution
Address Breakdown
Residential
272
Single Family
272
Multi-Family
0
Businesses
20
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