500 N 3rd StHiawathaKS66434
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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 Hiawatha at 500 N 3rd St, Hiawatha, KS, 66434 priced at $104,800 pairs $1,625/mo rent with $928/mo cash flow after a $513/mo payment. Total monthly income equals $1,625/mo, and annual cash flow comes to $11,133/yr on $34,741 invested. Return on cash invested is 51.95% in year one, and rental yield stands at 18.61% on a $104,800 basis. Equity gained on principal adds $676/yr, and 5% annual appreciation accumulates to $28,954 by year five. Five-year ROI measures 275.36% and total cumulative return in cash reaches $95,663. For financing, Ziffy Mortgage’s DSCR program evaluates $1,625/mo property income against a $513/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1900
7,405 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 66434, Hiawatha, KS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,244 (100%) |
| Owner Occupied HU | 1,322 (58.9%) |
| Renter Occupied HU | 646 (28.8%) |
| Vacant Housing Units | 276 (12.3%) |
| Median Home Value | $147,619 |
| Average Home Value | $205,189 |
Housing Distribution
Address Breakdown
Residential
2,097
Single Family
1,998
Multi-Family
99
Businesses
302
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