400 N Lakeside DrMcPhersonKS67460
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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 McPherson at 400 N Lakeside Dr, McPherson, KS, 67460 priced at $330,000 converts $2,681/mo rent into $486/mo cash flow after a $1,615/mo obligation. Total monthly income equals $2,681/mo, and annual cash flow totals $5,829/yr on $109,395 invested. Return on cash invested prints 25.24% in year one, and rental yield reads 9.75% against a $330,000 entry. Equity gained on principal adds $2,129/yr, while 5% annual appreciation compiles into $91,173 by year five. Five-year ROI reaches 132.03% and total cumulative return in cash sums $144,431. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,681/mo property income covering a $1,615/mo payment, not borrower’s personal income.
Single Family
Built in 1939
0.54 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 67460, Mcpherson, KS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,280 (100%) |
| Owner Occupied HU | 4,458 (61.2%) |
| Renter Occupied HU | 2,088 (28.7%) |
| Vacant Housing Units | 734 (10.1%) |
| Median Home Value | $225,576 |
| Average Home Value | $256,575 |
Housing Distribution
Address Breakdown
Residential
6,870
Single Family
6,415
Multi-Family
455
Businesses
715
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