506 E 1st St #2McPhersonKS67460
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 McPherson at 506 E 1st St #2, McPherson, KS, 67460 offers a 8.61% rental yield on a $175,000 purchase with $1,255/mo rent. Total monthly income registers $1,255/mo, and a $857/mo payment leaves $90/mo available for distribution. Annual cash flow reaches $1,083/yr on $58,013 to close, and return on cash invested stands at 21.78% in year one. Equity gained on principal adds $1,129/yr while 5% annual appreciation supports $48,349 over five years. Portfolio math shows five-year ROI at 113.51% and total cumulative return in cash at $65,851. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,255/mo property income against a $857/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 1959
0.30 Acres 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices