438 W 8th StChapmanKS67431
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 Chapman at 438 W 8th St, Chapman, KS, 67431 offers $2,638/mo rent that, after a $1,566/mo payment, leaves $460/mo cash flow. Total monthly income is $2,638/mo, and annual cash flow is $5,519/yr on $106,047 cash. Return on cash invested measures 25.11% in year one, and rental yield stands at 9.9% at a $319,900 entry. Equity gained on principal adds $2,064/yr while 5% annual appreciation compounds into $88,382 by year five. Five-year ROI records 131.55% and total cumulative return in cash reaches $139,508. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,638/mo property income versus a $1,566/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1918
0.56 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 67431, Chapman, KS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 997 (100%) |
| Owner Occupied HU | 663 (66.5%) |
| Renter Occupied HU | 228 (22.9%) |
| Vacant Housing Units | 106 (10.6%) |
| Median Home Value | $214,177 |
| Average Home Value | $229,476 |
Housing Distribution
Address Breakdown
Residential
803
Single Family
784
Multi-Family
19
Businesses
55
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Joe Black • Black & Company REALTORS
Mls Name: FHARMLS
Mls Provider:
Mls ID: #20250861
Disclaimer: IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Listing information is deemed reliable, but not guaranteed.