505 N Washington StHutchinsonKS67501
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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 Hutchinson at 505 N Washington St, Hutchinson, KS, 67501 generates $962/mo in rent and, after a $523/mo payment, leaves $238/mo in cash flow. Total monthly income is $962/mo, and annual cash flow is $2,858/yr on $35,437 invested. Return on cash invested sits at 27.98% in year one, and rental yield is 10.8% on a $106,900 entry. Equity gained on principal adds $690/yr, while 5% annual appreciation builds toward $29,535 over five years. Five-year ROI reaches 147.03% and total cumulative return in cash sums $52,102. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $962/mo property income rather than buyer’s personal income.
Single Family
Built in 1920
3,484 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 67501, Hutchinson, KS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,371 (100%) |
| Owner Occupied HU | 5,645 (49.6%) |
| Renter Occupied HU | 4,047 (35.6%) |
| Vacant Housing Units | 1,679 (14.8%) |
| Median Home Value | $98,322 |
| Average Home Value | $154,618 |
Housing Distribution
Address Breakdown
Residential
10,359
Single Family
10,020
Multi-Family
339
Businesses
1,045
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Listed by: LUKE MCCONNAUGHY • Real Broker, LLC
Mls Name: Mid Kansas MLS & Prairie Land Realtors
Mls ID: #52327
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.