3404 Ridgewood Dr UNITS A & BHutchinsonKS67502
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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 Hutchinson at 3404 Ridgewood Dr UNITS A & B, Hutchinson, KS, 67502 earns $538/mo cash flow from $1,402/mo rent with a $636/mo payment. Total monthly income totals $1,402/mo, and annual cash flow totals $6,451/yr on $43,062 capital. ROI tracks 34.89% on current figures, and rental yield reads 12.95% at a $129,900 purchase. Equity gained on principal adds $838/yr, and 5% annual appreciation supports $35,889 over five years. Five-year ROI reaches 183.83% and total cumulative return in cash sums $79,159. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,402/mo property income instead of your personal income.
Multi Family
Built in 1977
8,712 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 67502, Hutchinson, KS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,977 (100%) |
| Owner Occupied HU | 7,500 (68.3%) |
| Renter Occupied HU | 2,649 (24.1%) |
| Vacant Housing Units | 828 ( 7.5%) |
| Median Home Value | $203,460 |
| Average Home Value | $244,115 |
Housing Distribution
Address Breakdown
Residential
10,201
Single Family
9,484
Multi-Family
717
Businesses
400
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Listed by: Craig Davis • PLAZA/ASTLE REALTY
Mls Name: Mid Kansas MLS & Prairie Land Realtors
Mls ID: #53792