502 Anderson AveChapmanKS67431
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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 Chapman at 502 Anderson Ave, Chapman, KS, 67431 priced at $215,000 converts $1,775/mo rent into $345/mo cash flow after a $1,052/mo obligation. Total monthly income equals $1,775/mo, and annual cash flow totals $4,139/yr on $71,273 invested. Return on cash invested prints 25.72% in year one, and rental yield reads 9.91% against a $215,000 entry. Equity gained on principal adds $1,387/yr, while 5% annual appreciation compiles into $59,401 by year five. Five-year ROI reaches 134.58% and total cumulative return in cash sums $95,917. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,775/mo property income covering a $1,052/mo payment, not borrower’s personal income.
Single Family
Built in 2001
0.52 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
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Listed by: Jodie Wilkey • Homefront Real Estate Group
Mls Name: FHARMLS
Mls Provider:
Mls ID: #20251011
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.