477 N Willow AveBaxter SpringsKS66713
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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
Rental property for sale in Baxter Springs at 477 N Willow Ave, Baxter Springs, KS, 66713 priced at $370,000 converts $2,863/mo rent into $401/mo cash flow after a $1,811/mo obligation. Total monthly income equals $2,863/mo, and annual cash flow totals $4,817/yr on $122,655 invested. Return on cash invested prints 23.84% in year one, and rental yield reads 9.29% against a $370,000 entry. Equity gained on principal adds $2,388/yr, while 5% annual appreciation compiles into $102,224 by year five. Five-year ROI reaches 124.52% and total cumulative return in cash sums $152,729. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,863/mo property income covering a $1,811/mo payment, not borrower’s personal income.
Single Family
Built in 1882
7 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 66713, Baxter Springs, KS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,496 (100%) |
| Owner Occupied HU | 1,457 (58.4%) |
| Renter Occupied HU | 646 (25.9%) |
| Vacant Housing Units | 393 (15.7%) |
| Median Home Value | $113,932 |
| Average Home Value | $139,537 |
Housing Distribution
Address Breakdown
Residential
2,255
Single Family
2,248
Multi-Family
7
Businesses
184
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Listed by: Lee & Debbie McDonough • KELLER WILLIAMS REALTY ELEVATE
Mls Name: Ozark Gateway AOR
Mls Provider:
Mls ID: #243018
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.