438 W 8th StChapmanKS67431
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeInvestors who value predictability will appreciate 438 W 8th St, Chapman, KS, 67431 in Chapman. At $319,900 it earns $2,638/mo in rent and distributes $478/mo to the owner after the $1,438/mo payment, a consistent 9.96% yield. DSCR 1.83 clears Ziffy Mortgage's income-only underwriting standard. Over five years, 5% annual appreciation adds $88,382 in value; $2,946/yr in principal paydown compounds ownership stake. Total projected return: $151,799.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 10% | 6.0% |
| Monthly Cash Flow | $478 | $300 |
City averages based on Chapman market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,638 |
| Total Monthly Debt Service | $2,051 |
| DSCR Ratio | 1.29x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
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
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
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.