303 W Spruce StMinneolaKS67865
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Minneola at 303 W Spruce St, Minneola, KS, 67865 at $235,000 posts ROI 21.97% with $134/mo cash flow from $1,697/mo rent. Total monthly income equals $1,697/mo, and annual cash flow records $1,605/yr on $77,903 to close. Return on cash invested measures 21.97% and rental yield reads 8.67% at the current $235,000. Equity gained on principal adds $1,516/yr, and 5% annual appreciation supports $64,926 by year five. Five-year ROI prints 114.49% and total cumulative return in cash totals $89,188.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $1,697/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 2021
0.40 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 67865, Minneola, KS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 501 (100%) |
| Owner Occupied HU | 303 (60.5%) |
| Renter Occupied HU | 110 (22.0%) |
| Vacant Housing Units | 88 (17.6%) |
| Median Home Value | $111,968 |
| Average Home Value | $162,500 |
Housing Distribution
Address Breakdown
Residential
130
Single Family
130
Multi-Family
0
Businesses
41
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