318 Shelle 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
Investment property for sale in Manhattan at 318 Shelle Rd, Manhattan, KS, 66502 with 5% annual appreciation on a $256,200 basis while $2,131/mo rent supports operations. Total monthly income totals $2,131/mo and a $1,254/mo payment preserves $427/mo for cash returns. Annual cash flow comes to $5,118/yr on $84,930 deployed, and return on cash invested reaches 25.94% in year one. Equity gained on principal adds $1,653/yr, and five-year appreciation sums $70,783 alongside rental yield of 9.98%. Five-year ROI measures 135.8% and total cumulative return in cash totals $115,332.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $2,131/mo property income versus a $1,254/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1962
8,712 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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