416 N Independence AveBeloitKS67420
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
Investment property for sale in Beloit at 416 N Independence Ave, Beloit, KS, 67420 uses $54,830 cash to close to unlock $9,736/yr annual cash flow and $811/mo monthly cash flow. Total monthly income runs $1,952/mo, and a $810/mo payment keeps the spread at $811/mo. Purchase price stands at $165,400, and rental yield measures 14.16% with $1,952/mo rent. Return on cash invested shows 37.67% in year one, and 5% annual appreciation builds toward $45,697 over five years. Five-year ROI reaches 199.04% and total cumulative return in cash records $109,133. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,952/mo property income covering a $810/mo payment rather than investor’s personal income.
Single Family
Built in 1964
7,405 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 67420, Beloit, KS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,246 (100%) |
| Owner Occupied HU | 1,353 (60.2%) |
| Renter Occupied HU | 515 (22.9%) |
| Vacant Housing Units | 378 (16.8%) |
| Median Home Value | $123,977 |
| Average Home Value | $177,147 |
Housing Distribution
Address Breakdown
Residential
1,924
Single Family
1,906
Multi-Family
18
Businesses
253
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices