402 E 2nd StHoisingtonKS67544
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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 Hoisington at 402 E 2nd St, Hoisington, KS, 67544 listed at $112,000 pairs $1,080/mo rent with a $548/mo payment to leave $335/mo cash flow. Total monthly income runs $1,080/mo, and annual cash flow reaches $4,021/yr on $37,128 cash to close. Return on cash invested measures 30.74% in year one, and rental yield registers 11.57% at a $112,000 basis. Equity gained on principal adds $723/yr, and annual property appreciation at 5% supports $30,944 by year five. Five-year ROI tracks 161.64% and total cumulative return in cash totals $60,015. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,080/mo property income relative to a $548/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1900
6,969 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 67544, Hoisington, KS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,596 (100%) |
| Owner Occupied HU | 969 (60.7%) |
| Renter Occupied HU | 372 (23.3%) |
| Vacant Housing Units | 255 (16.0%) |
| Median Home Value | $165,495 |
| Average Home Value | $192,131 |
Housing Distribution
Address Breakdown
Residential
1,340
Single Family
1,304
Multi-Family
36
Businesses
118
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Listed by: Lisa M Schartz • Picket Fence Real Estate LLC
Mls Name: Western Kansas AOR
Mls ID: #205337