508 Stone Pointe DrManhattanKS66503
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 Manhattan at 508 Stone Pointe Dr, Manhattan, KS, 66503 listed at $198,400 pairs $1,832/mo rent with a $971/mo payment to leave $395/mo cash flow. Total monthly income runs $1,832/mo, and annual cash flow reaches $4,741/yr on $65,770 cash to close. Return on cash invested measures 27.12% in year one, and rental yield registers 11.08% at a $198,400 basis. Equity gained on principal adds $1,280/yr, and annual property appreciation at 5% supports $54,814 by year five. Five-year ROI tracks 142.93% and total cumulative return in cash totals $94,006. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,832/mo property income relative to a $971/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 2007
5,662 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 66503, Manhattan, KS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,914 (100%) |
| Owner Occupied HU | 4,441 (56.1%) |
| Renter Occupied HU | 2,630 (33.2%) |
| Vacant Housing Units | 843 (10.7%) |
| Median Home Value | $343,238 |
| Average Home Value | $385,645 |
Housing Distribution
Address Breakdown
Residential
7,677
Single Family
6,970
Multi-Family
707
Businesses
292
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices