3400 Chimney Rock 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
Investment property for sale in Manhattan at 3400 Chimney Rock Rd, Manhattan, KS, 66503 earns $416/mo cash flow from $2,323/mo rent with a $1,403/mo payment. Total monthly income totals $2,323/mo, and annual cash flow totals $4,991/yr on $95,041 capital. ROI tracks 25.16% on current figures, and rental yield reads 9.72% at a $286,700 purchase. Equity gained on principal adds $1,850/yr, and 5% annual appreciation supports $79,210 over five years. Five-year ROI reaches 131.6% and total cumulative return in cash sums $125,076. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,323/mo property income instead of your personal income.
Single Family
Built in 1975
0.25 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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