402 N Webster StSpring HillKS66083
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowDay-one income is the story at 402 N Webster St, Spring Hill, KS, 66083 in Spring Hill. Priced at $250,000, it generates $2,580/mo in gross rent and $917/mo in net monthly cash flow, a 12.38% yield that comfortably supports the 2.30 DSCR needed for Ziffy Mortgage's no-W2 DSCR mortgage. Projected annual cash flow: $11,001. Five-year appreciation: $69,070. Equity from principal paydown: $2,303/yr. Total projected cumulative return: $154,333.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 12.4% | 6.2% |
| Monthly Cash Flow | $917 | $450 |
City averages based on Spring Hill market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,580 |
| Total Monthly Debt Service | $1,564 |
| DSCR Ratio | 1.65x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Multi Family
Built in 1971
3,301 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 66083, Spring Hill, KS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,940 (100%) |
| Owner Occupied HU | 3,876 (78.5%) |
| Renter Occupied HU | 793 (16.1%) |
| Vacant Housing Units | 271 ( 5.5%) |
| Median Home Value | $388,499 |
| Average Home Value | $458,838 |
Housing Distribution
Address Breakdown
Residential
4,877
Single Family
4,855
Multi-Family
22
Businesses
230
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Multi Family
Built in 1971
3,301 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 66083, Spring Hill, KS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,940 (100%) |
| Owner Occupied HU | 3,876 (78.5%) |
| Renter Occupied HU | 793 (16.1%) |
| Vacant Housing Units | 271 ( 5.5%) |
| Median Home Value | $388,499 |
| Average Home Value | $458,838 |
Housing Distribution
Address Breakdown
Residential
4,877
Single Family
4,855
Multi-Family
22
Businesses
230
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Steven Myers • LPT Realty LLC
Mls Name: Heartland MLS as distributed by MLS GRID
Mls ID: #2601136