3135 Shepard AveBaxter SpringsKS66713
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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
Investment property for sale in Baxter Springs at 3135 Shepard Ave, Baxter Springs, KS, 66713 listed at $189,900 pairs $1,855/mo rent with a $929/mo payment to leave $592/mo cash flow. Total monthly income runs $1,855/mo, and annual cash flow reaches $7,105/yr on $62,952 cash to close. Return on cash invested measures 31.2% in year one, and rental yield registers 11.72% at a $189,900 basis. Equity gained on principal adds $1,225/yr, and annual property appreciation at 5% supports $52,466 by year five. Five-year ROI tracks 164.06% and total cumulative return in cash totals $103,277. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,855/mo property income relative to a $929/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 2019
9,000 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 66713, Baxter Springs, KS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,496 (100%) |
| Owner Occupied HU | 1,457 (58.4%) |
| Renter Occupied HU | 646 (25.9%) |
| Vacant Housing Units | 393 (15.7%) |
| Median Home Value | $113,932 |
| Average Home Value | $139,537 |
Housing Distribution
Address Breakdown
Residential
2,255
Single Family
2,248
Multi-Family
7
Businesses
184
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Listed by: Joshua Ames • KINGREY REAL ESTATE
Mls Name: Ozark Gateway AOR
Mls ID: #253768