503 W 23rd StNorth NewtonKS67117
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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 North Newton at 503 W 23rd St, North Newton, KS, 67117 offers a 5.11% rental yield on a $385,000 purchase with $1,639/mo rent. 24% in year one. Equity gained on principal adds $2,484/yr while 5% annual appreciation supports $106,368 over five years. Portfolio math shows five-year ROI at 57% and total cumulative return in cash at $72,742. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,639/mo property income against a $1,884/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Multi Family
Built in 2022
0.42 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 67117, North Newton, KS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 761 (100%) |
| Owner Occupied HU | 447 (58.7%) |
| Renter Occupied HU | 243 (31.9%) |
| Vacant Housing Units | 71 ( 9.3%) |
| Median Home Value | $243,310 |
| Average Home Value | $244,301 |
Housing Distribution
Address Breakdown
Residential
657
Single Family
530
Multi-Family
127
Businesses
38
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Listed by: David Brown • Berkshire Hathaway PenFed Realty
Mls Name: Mid Kansas MLS & Prairie Land Realtors
Mls ID: #52848
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.