309 E 2nd StBonner SpringsKS66012
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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 Bonner Springs at 309 E 2nd St, Bonner Springs, KS, 66012 generates $2,067/mo in rent and, after a $1,468/mo payment, leaves $72/mo in cash flow. Total monthly income is $2,067/mo, and annual cash flow is $860/yr on $99,417 invested. Return on cash invested sits at 20.77% in year one, and rental yield is 8.27% on a $299,900 entry. Equity gained on principal adds $1,935/yr, while 5% annual appreciation builds toward $82,857 over five years. Five-year ROI reaches 108.09% and total cumulative return in cash sums $107,464. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,067/mo property income rather than buyer’s personal income.
Single Family
Built in 1930
9,583 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 66012, Bonner Springs, KS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,061 (100%) |
| Owner Occupied HU | 2,819 (69.4%) |
| Renter Occupied HU | 1,049 (25.8%) |
| Vacant Housing Units | 193 ( 4.8%) |
| Median Home Value | $298,706 |
| Average Home Value | $349,087 |
Housing Distribution
Address Breakdown
Residential
3,950
Single Family
3,795
Multi-Family
155
Businesses
364
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Listed by: Kenneth Lain • Keller Williams Legacy Partner
Mls Name: Heartland MLS as distributed by MLS GRID
Mls ID: #2588121