405 E Logan AveHeringtonKS67449
INVESTMENT ANALYSIS
Investment Verdict
Appreciation PlayInvestors who prioritise long-run asset value over immediate income should consider 405 E Logan Ave, Herington, KS, 67449 in Herington. Rental yield 4.37%. At $214,000 with 4.37% gross yield, current distributions are modest, but the 5% appreciation rate projects $59,124 in new equity by year five, complemented by $1,971/yr in principal paydown. Ziffy Mortgage's DSCR loan (1.79) allows non-U.S. residents to acquire without W-2s or domestic credit. Total projected five-year cumulative return: $98,844.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 4.4% | 8.0% |
| Monthly Cash Flow | $(681) | $350 |
City averages based on Herington market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,726 |
| Total Monthly Debt Service | $1,376 |
| DSCR Ratio | 1.25x |
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.
Single Family
Built in 2010
0.52 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 67449, Herington, KS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,584 (100%) |
| Owner Occupied HU | 850 (53.7%) |
| Renter Occupied HU | 344 (21.7%) |
| Vacant Housing Units | 390 (24.6%) |
| Median Home Value | $95,357 |
| Average Home Value | $130,212 |
Housing Distribution
Address Breakdown
Residential
1,286
Single Family
1,197
Multi-Family
89
Businesses
108
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
Single Family
Built in 2010
0.52 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 67449, Herington, KS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,584 (100%) |
| Owner Occupied HU | 850 (53.7%) |
| Renter Occupied HU | 344 (21.7%) |
| Vacant Housing Units | 390 (24.6%) |
| Median Home Value | $95,357 |
| Average Home Value | $130,212 |
Housing Distribution
Address Breakdown
Residential
1,286
Single Family
1,197
Multi-Family
89
Businesses
108
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Tamren Sturges • Prestige Realty & Associates, LLC
Mls Name: FHARMLS
Mls Provider:
Mls ID: #20251063
Disclaimer: IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Listing information is deemed reliable, but not guaranteed.