408 N Iowa StHighlandKS66035
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 Highland at 408 N Iowa St, Highland, KS, 66035 priced at $210,000 pairs $1,070/mo rent with after a $1,028/mo payment. Total monthly income equals $1,070/mo. Return on cash invested is 14.27% in year one, and rental yield stands at 6.11% on a $210,000 basis. Equity gained on principal adds $1,355/yr, and 5% annual appreciation accumulates to $58,019 by year five. Five-year ROI measures 73.2% and total cumulative return in cash reaches $50,956. For financing, Ziffy Mortgage’s DSCR program evaluates $1,070/mo property income against a $1,028/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 2021
0.38 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 66035, Highland, KS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 493 (100%) |
| Owner Occupied HU | 288 (58.4%) |
| Renter Occupied HU | 102 (20.7%) |
| Vacant Housing Units | 103 (20.9%) |
| Median Home Value | $155,625 |
| Average Home Value | $183,707 |
Housing Distribution
Address Breakdown
Residential
314
Single Family
308
Multi-Family
6
Businesses
32
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Peggy Boos • Heartland Realty Midwest LLC
Mls Name: HKMMLS as distributed by MLS GRID
Mls Provider:
Mls ID: #2505350
Disclaimer: Based on information submitted to the MLS GRID as of 2024-01-26 09:44:00 PST. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website. Prices displayed on all Sold listings are the Last Known Listing Price and may not be the actual selling price. [Click here for more information](/info/mls-disclaimers/#mls_45) Listing Information presented by local MLS brokerage: Zillow, Inc., local REALTOR- Terry York - (913) 213-6604