308 Northfield RdManhattanKS66502
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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 Manhattan at 308 Northfield Rd, Manhattan, KS, 66502 priced at $245,000 converts $1,888/mo rent into $258/mo cash flow after a $1,199/mo obligation. Total monthly income equals $1,888/mo, and annual cash flow totals $3,098/yr on $81,218 invested. Return on cash invested prints 23.72% in year one, and rental yield reads 9.25% against a $245,000 entry. Equity gained on principal adds $1,581/yr, while 5% annual appreciation compiles into $67,689 by year five. Five-year ROI reaches 123.95% and total cumulative return in cash sums $100,668. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,888/mo property income covering a $1,199/mo payment, not borrower’s personal income.
Single Family
Built in 2005
7,405 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 66502, Manhattan, KS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 21,707 (100%) |
| Owner Occupied HU | 7,912 (36.4%) |
| Renter Occupied HU | 11,060 (51.0%) |
| Vacant Housing Units | 2,735 (12.6%) |
| Median Home Value | $233,725 |
| Average Home Value | $253,496 |
Housing Distribution
Address Breakdown
Residential
19,895
Single Family
15,511
Multi-Family
4,384
Businesses
1,625
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