506 E 6th StCherryvaleKS67335
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
Rental property for sale in Cherryvale at 506 E 6th St, Cherryvale, KS, 67335 priced at $162,500 pairs $1,187/mo rent with $106/mo cash flow after a $795/mo payment. Total monthly income equals $1,187/mo, and annual cash flow comes to $1,275/yr on $53,869 invested. Return on cash invested is 22.28% in year one, and rental yield stands at 8.77% on a $162,500 basis. Equity gained on principal adds $1,049/yr, and 5% annual appreciation accumulates to $44,896 by year five. Five-year ROI measures 116.23% and total cumulative return in cash reaches $62,610. For financing, Ziffy Mortgage’s DSCR program evaluates $1,187/mo property income against a $795/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1905
0.25 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 67335, Cherryvale, KS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,640 (100%) |
| Owner Occupied HU | 1,072 (65.4%) |
| Renter Occupied HU | 343 (20.9%) |
| Vacant Housing Units | 225 (13.7%) |
| Median Home Value | $123,281 |
| Average Home Value | $179,564 |
Housing Distribution
Address Breakdown
Residential
1,429
Single Family
1,429
Multi-Family
0
Businesses
99
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Listed by: N/A • N/A
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