502 W Magnolia StCherokeeKS66724
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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 Cherokee at 502 W Magnolia St, Cherokee, KS, 66724 priced at $142,500 pairs $0/mo rent with after a $697/mo payment. Total monthly income equals $0/mo. Return on cash invested is -4.16% in year one, and rental yield stands at 0% on a $142,500 basis. Equity gained on principal adds $920/yr, and 5% annual appreciation accumulates to $39,370 by year five. For financing, Ziffy Mortgage’s DSCR program evaluates $0/mo property income against a $697/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1920
0.32 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 66724, Cherokee, KS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 452 (100%) |
| Owner Occupied HU | 296 (65.5%) |
| Renter Occupied HU | 78 (17.3%) |
| Vacant Housing Units | 78 (17.3%) |
| Median Home Value | $111,940 |
| Average Home Value | $163,378 |
Housing Distribution
Address Breakdown
Residential
318
Single Family
318
Multi-Family
0
Businesses
32
Nearby investment properties with comparable rents
No similar rental properties found nearby.
Nearby investment properties with comparable prices