310 E 2nd StMinneapolisKS67467
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
Rental property for sale in Minneapolis at 310 E 2nd St, Minneapolis, KS, 67467 priced at $192,000 pairs $1,574/mo rent with $296/mo cash flow after a $940/mo payment. Total monthly income equals $1,574/mo, and annual cash flow comes to $3,557/yr on $63,648 invested. Return on cash invested is 25.5% in year one, and rental yield stands at 9.84% on a $192,000 basis. Equity gained on principal adds $1,239/yr, and 5% annual appreciation accumulates to $53,046 by year five. Five-year ROI measures 133.45% and total cumulative return in cash reaches $84,940. For financing, Ziffy Mortgage’s DSCR program evaluates $1,574/mo property income against a $940/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1910
6,000 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 67467, Minneapolis, KS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,340 (100%) |
| Owner Occupied HU | 880 (65.7%) |
| Renter Occupied HU | 267 (19.9%) |
| Vacant Housing Units | 193 (14.4%) |
| Median Home Value | $228,814 |
| Average Home Value | $240,710 |
Housing Distribution
Address Breakdown
Residential
1,193
Single Family
1,163
Multi-Family
30
Businesses
158
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Nearby investment properties with comparable prices
Listed by: Monte Nelson • Sunflower Realty
Mls Name: GPMLS
Mls Provider:
Mls ID: #210286
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.