328 Cherry StChetopaKS67336
INVESTMENT ANALYSIS
Investment Verdict
Appreciation PlayAt a 1.62% gross rental yield, 328 Cherry St, Chetopa, KS, 67336 in Chetopa is priced for capital growth, not immediate cash flow. The $1,265,400 purchase reflects market confidence in future value: at 5%/yr, the property is forecast to gain $349,607 by year five, with $11,654/yr in additional equity from loan paydown. Ziffy Mortgage's DSCR mortgage (0.30) qualifies for non-U.S. residents without personal income documents. Total five-year projected cumulative return: $50,412.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 1.6% | 8.0% |
| Monthly Cash Flow | $(6,712) | $300 |
City averages based on Chetopa market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,706 |
| Total Monthly Debt Service | $7,915 |
| DSCR Ratio | 0.22x |
Ziffy Mortgage typically prefers a DSCR of 1.0+, but in some cases you may qualify with a DSCR below 1. To explore if this deal qualifies for an investment mortgage, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 1976
171 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 67336, Chetopa, KS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 749 (100%) |
| Owner Occupied HU | 474 (63.3%) |
| Renter Occupied HU | 143 (19.1%) |
| Vacant Housing Units | 132 (17.6%) |
| Median Home Value | $79,195 |
| Average Home Value | $180,533 |
Housing Distribution
Address Breakdown
Residential
518
Single Family
518
Multi-Family
0
Businesses
52
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
No similar price properties found nearby.
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
Single Family
Built in 1976
171 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 67336, Chetopa, KS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 749 (100%) |
| Owner Occupied HU | 474 (63.3%) |
| Renter Occupied HU | 143 (19.1%) |
| Vacant Housing Units | 132 (17.6%) |
| Median Home Value | $79,195 |
| Average Home Value | $180,533 |
Housing Distribution
Address Breakdown
Residential
518
Single Family
518
Multi-Family
0
Businesses
52
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
No similar price properties found nearby.