306 NE Lyman RdTopekaKS66608
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 Topeka at 306 NE Lyman Rd, Topeka, KS, 66608 uses $43,095 cash to close to unlock $1,073/yr annual cash flow and $89/mo monthly cash flow. Total monthly income runs $954/mo, and a $636/mo payment keeps the spread at $89/mo. Purchase price stands at $130,000, and rental yield measures 8.81% with $954/mo rent. Return on cash invested shows 22.4% in year one, and 5% annual appreciation builds toward $35,917 over five years. Five-year ROI reaches 116.87% and total cumulative return in cash records $50,367. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $954/mo property income covering a $636/mo payment rather than investor’s personal income.
Single Family
Built in 1940
1.14 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 66608, Topeka, KS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,514 (100%) |
| Owner Occupied HU | 1,217 (48.4%) |
| Renter Occupied HU | 901 (35.8%) |
| Vacant Housing Units | 396 (15.8%) |
| Median Home Value | $73,512 |
| Average Home Value | $128,673 |
Housing Distribution
Address Breakdown
Residential
2,344
Single Family
2,155
Multi-Family
189
Businesses
542
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices