406 N Graves AveNortonKS67654
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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
Investment property for sale in Norton at 406 N Graves Ave, Norton, KS, 67654 offers a 8.35% rental yield on a $152,500 purchase with $1,061/mo rent. Total monthly income registers $1,061/mo, and a $746/mo payment leaves $47/mo available for distribution. Annual cash flow reaches $562/yr on $50,554 to close, and return on cash invested stands at 21.02% in year one. Equity gained on principal adds $984/yr while 5% annual appreciation supports $42,133 over five years. Portfolio math shows five-year ROI at 109.43% and total cumulative return in cash at $55,319. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,061/mo property income against a $746/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1920
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 67654, Norton, KS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,801 (100%) |
| Owner Occupied HU | 1,099 (61.0%) |
| Renter Occupied HU | 419 (23.3%) |
| Vacant Housing Units | 283 (15.7%) |
| Median Home Value | $135,482 |
| Average Home Value | $169,916 |
Housing Distribution
Address Breakdown
Residential
1,582
Single Family
1,556
Multi-Family
26
Businesses
233
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