506 E Harper StValley CenterKS67147
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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 Valley Center at 506 E Harper St, Valley Center, KS, 67147 priced at $187,500 converts $1,860/mo rent into $612/mo cash flow after a $918/mo obligation. Total monthly income equals $1,860/mo, and annual cash flow totals $7,348/yr on $62,156 invested. Return on cash invested prints 31.73% in year one, and rental yield reads 11.9% against a $187,500 entry. Equity gained on principal adds $1,210/yr, while 5% annual appreciation compiles into $51,803 by year five. Five-year ROI reaches 166.88% and total cumulative return in cash sums $103,723. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,860/mo property income covering a $918/mo payment, not borrower’s personal income.
Multi Family
Built in 2025
3,920 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 67147, Valley Center, KS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,058 (100%) |
| Owner Occupied HU | 3,070 (75.7%) |
| Renter Occupied HU | 784 (19.3%) |
| Vacant Housing Units | 204 ( 5.0%) |
| Median Home Value | $277,790 |
| Average Home Value | $318,106 |
Housing Distribution
Address Breakdown
Residential
4,122
Single Family
4,027
Multi-Family
95
Businesses
272
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Listed by: Dustin Lynam • Heritage 1st Realty
Mls Name: SCKMLS
Mls ID: #666901