3509 Chippewa CirManhattanKS66503
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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 3509 Chippewa Cir, Manhattan, KS, 66503 earns $4/mo cash flow from $1,874/mo rent with a $1,349/mo payment. Total monthly income totals $1,874/mo, and annual cash flow totals $53/yr on $91,395 capital. ROI tracks 19.97% on current figures, and rental yield reads 8.16% at a $275,700 purchase. Equity gained on principal adds $1,779/yr, and 5% annual appreciation supports $76,171 over five years. Five-year ROI reaches 103.95% and total cumulative return in cash sums $95,007. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,874/mo property income instead of your personal income.
Single Family
Built in 1978
0.27 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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