405 N Harrison StSpring HillKS66083
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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
Rental property for sale in Spring Hill at 405 N Harrison St, Spring Hill, KS, 66083 priced at $377,000 converts $3,202/mo rent into $694/mo cash flow after a $1,845/mo obligation. Total monthly income equals $3,202/mo, and annual cash flow totals $8,329/yr on $124,976 invested. Return on cash invested prints 26.57% in year one, and rental yield reads 10.19% against a $377,000 entry. Equity gained on principal adds $2,433/yr, while 5% annual appreciation compiles into $104,158 by year five. Five-year ROI reaches 139.21% and total cumulative return in cash sums $173,983. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,202/mo property income covering a $1,845/mo payment, not borrower’s personal income.
Single Family
Built in 2002
0.41 Acres 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
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