502 E 18th StBaxter 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
Investment property for sale in Baxter Springs at 502 E 18th St, Baxter Springs, KS, 66713 uses $54,698 cash to close to unlock $2,350/yr annual cash flow and $196/mo monthly cash flow. Total monthly income runs $1,294/mo, and a $808/mo payment keeps the spread at $196/mo. Purchase price stands at $165,000, and rental yield measures 9.41% with $1,294/mo rent. Return on cash invested shows 24.21% in year one, and 5% annual appreciation builds toward $45,586 over five years. Five-year ROI reaches 126.5% and total cumulative return in cash records $69,191. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,294/mo property income covering a $808/mo payment rather than investor’s personal income.
Single Family
Built in 1930
N/A 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: FORREST. Real Estate Forrest Stodghill • Real Broker, LLC
Mls Name: Ozark Gateway AOR
Mls Provider:
Mls ID: #251450
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.