505 E Elizabeth StMcPhersonKS67460
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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 McPherson at 505 E Elizabeth St, McPherson, KS, 67460 priced at $163,800 converts $1,304/mo rent into $205/mo cash flow after a $802/mo obligation. Total monthly income equals $1,304/mo, and annual cash flow totals $2,455/yr on $54,300 invested. Return on cash invested prints 24.43% in year one, and rental yield reads 9.55% against a $163,800 entry. Equity gained on principal adds $1,057/yr, while 5% annual appreciation compiles into $45,255 by year five. Five-year ROI reaches 127.81% and total cumulative return in cash sums $69,403. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,304/mo property income covering a $802/mo payment, not borrower’s personal income.
Single Family
Built in 1920
6,969 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 67460, Mcpherson, KS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,280 (100%) |
| Owner Occupied HU | 4,458 (61.2%) |
| Renter Occupied HU | 2,088 (28.7%) |
| Vacant Housing Units | 734 (10.1%) |
| Median Home Value | $225,576 |
| Average Home Value | $256,575 |
Housing Distribution
Address Breakdown
Residential
6,870
Single Family
6,415
Multi-Family
455
Businesses
715
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