3211 Buffalo RdManhattanKS66503
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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 Manhattan at 3211 Buffalo Rd, Manhattan, KS, 66503 generates $1,590/mo in rent, after a $1,824/mo payment. Total monthly income is $1,590/mo. Return on cash invested sits at 11.27% in year one, and rental yield is 5.12% on a $372,600 entry. Equity gained on principal adds $2,404/yr, while 5% annual appreciation builds toward $102,943 over five years. Five-year ROI reaches 57.13% and total cumulative return in cash sums $70,565. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,590/mo property income rather than buyer’s personal income.
Single Family
Built in 1973
2.53 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 66503, Manhattan, KS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,914 (100%) |
| Owner Occupied HU | 4,441 (56.1%) |
| Renter Occupied HU | 2,630 (33.2%) |
| Vacant Housing Units | 843 (10.7%) |
| Median Home Value | $343,238 |
| Average Home Value | $385,645 |
Housing Distribution
Address Breakdown
Residential
7,677
Single Family
6,970
Multi-Family
707
Businesses
292
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