405 McKeage AveHoytKS66440
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 Hoyt at 405 McKeage Ave, Hoyt, KS, 66440 offers $1,490/mo rent that, after a $683/mo payment, leaves $562/mo cash flow. Total monthly income is $1,490/mo, and annual cash flow is $6,741/yr on $46,244 cash. Return on cash invested measures 34.49% in year one, and rental yield stands at 12.82% at a $139,500 entry. Equity gained on principal adds $900/yr while 5% annual appreciation compounds into $38,541 by year five. Five-year ROI records 181.64% and total cumulative return in cash reaches $83,997. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,490/mo property income versus a $683/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 2011
7,500 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 66440, Hoyt, KS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 834 (100%) |
| Owner Occupied HU | 657 (78.8%) |
| Renter Occupied HU | 117 (14.0%) |
| Vacant Housing Units | 60 ( 7.2%) |
| Median Home Value | $198,459 |
| Average Home Value | $214,365 |
Housing Distribution
Address Breakdown
Residential
704
Single Family
704
Multi-Family
0
Businesses
22
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