313 E 2nd StChapmanKS67431
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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 Chapman at 313 E 2nd St, Chapman, KS, 67431 generates $1,526/mo in rent and, after a $1,072/mo payment, leaves $19/mo in cash flow. Total monthly income is $1,526/mo, and annual cash flow is $223/yr on $72,599 invested. Return on cash invested sits at 20.22% in year one, and rental yield is 8.36% on a $219,000 entry. Equity gained on principal adds $1,413/yr, while 5% annual appreciation builds toward $60,506 over five years. Five-year ROI reaches 105.42% and total cumulative return in cash sums $76,533. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,526/mo property income rather than buyer’s personal income.
Single Family
Built in 1961
0.29 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 67431, Chapman, KS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 997 (100%) |
| Owner Occupied HU | 663 (66.5%) |
| Renter Occupied HU | 228 (22.9%) |
| Vacant Housing Units | 106 (10.6%) |
| Median Home Value | $214,177 |
| Average Home Value | $229,476 |
Housing Distribution
Address Breakdown
Residential
803
Single Family
784
Multi-Family
19
Businesses
55
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Listed by: Penny McDonald • Reynolds Real Estate & Auction
Mls Name: FHARMLS
Mls Provider:
Mls ID: #20251576
Disclaimer: IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Listing information is deemed reliable, but not guaranteed.