502 W 2nd AveCheneyKS67025
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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 Cheney at 502 W 2nd Ave, Cheney, KS, 67025 generates $841/mo in rent and, after a $509/mo payment, leaves $149/mo in cash flow. Total monthly income is $841/mo, and annual cash flow is $1,790/yr on $34,476 invested. Return on cash invested sits at 25.1% in year one, and rental yield is 9.7% on a $104,000 entry. Equity gained on principal adds $671/yr, while 5% annual appreciation builds toward $28,733 over five years. Five-year ROI reaches 131.4% and total cumulative return in cash sums $45,300. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $841/mo property income rather than buyer’s personal income.
Single Family
Built in 1971
0.32 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 67025, Cheney, KS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,622 (100%) |
| Owner Occupied HU | 1,188 (73.2%) |
| Renter Occupied HU | 319 (19.7%) |
| Vacant Housing Units | 115 ( 7.1%) |
| Median Home Value | $271,123 |
| Average Home Value | $299,548 |
Housing Distribution
Address Breakdown
Residential
1,285
Single Family
1,285
Multi-Family
0
Businesses
86
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Listed by: Kristy Peacher • Keller Williams Hometown Partners
Mls Name: SCKMLS
Mls ID: #645976
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. This information is not verified for authenticity or accuracy, is not guaranteed and may not reflect all real estate activity in the market. 1993-2024 South Central Kansas Multiple Listing Service, Inc. All rights reserved.