509 S Lakeview DrDerbyKS67037
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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 Derby at 509 S Lakeview Dr, Derby, KS, 67037 priced at $199,900 converts $1,654/mo rent into $325/mo cash flow after a $978/mo obligation. Total monthly income equals $1,654/mo, and annual cash flow totals $3,894/yr on $66,267 invested. Return on cash invested prints 25.79% in year one, and rental yield reads 9.93% against a $199,900 entry. Equity gained on principal adds $1,290/yr, while 5% annual appreciation compiles into $55,229 by year five. Five-year ROI reaches 135% and total cumulative return in cash sums $89,461. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,654/mo property income covering a $978/mo payment, not borrower’s personal income.
Single Family
Built in 1957
7,405 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 67037, Derby, KS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,872 (100%) |
| Owner Occupied HU | 8,472 (65.8%) |
| Renter Occupied HU | 3,554 (27.6%) |
| Vacant Housing Units | 846 ( 6.6%) |
| Median Home Value | $268,132 |
| Average Home Value | $302,133 |
Housing Distribution
Address Breakdown
Residential
12,270
Single Family
10,678
Multi-Family
1,592
Businesses
774
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