402 W Walnut StChanuteKS66720
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
Investment Highlights
Rental property for sale in Chanute at 402 W Walnut St, Chanute, KS, 66720 priced at $144,900 pairs $1,107/mo rent with $143/mo cash flow after a $709/mo payment. Total monthly income equals $1,107/mo, and annual cash flow comes to $1,719/yr on $48,034 invested. Return on cash invested is 23.49% in year one, and rental yield stands at 9.17% on a $144,900 basis. Equity gained on principal adds $935/yr, and 5% annual appreciation accumulates to $40,033 by year five. Five-year ROI measures 122.71% and total cumulative return in cash reaches $58,945. For financing, Ziffy Mortgage’s DSCR program evaluates $1,107/mo property income against a $709/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1956
6,534 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 66720, Chanute, KS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,022 (100%) |
| Owner Occupied HU | 2,946 (58.7%) |
| Renter Occupied HU | 1,429 (28.5%) |
| Vacant Housing Units | 647 (12.9%) |
| Median Home Value | $112,418 |
| Average Home Value | $154,089 |
Housing Distribution
Address Breakdown
Residential
4,742
Single Family
4,643
Multi-Family
99
Businesses
505
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