509 Stonedale 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 509 Stonedale Dr, Manhattan, KS, 66503 with 5% annual appreciation on a $215,000 basis while $1,934/mo rent supports operations. Total monthly income totals $1,934/mo and a $1,052/mo payment preserves $390/mo for cash returns. Annual cash flow comes to $4,682/yr on $71,273 deployed, and return on cash invested reaches 26.48% in year one. Equity gained on principal adds $1,387/yr, and five-year appreciation sums $59,401 alongside rental yield of 10.79%. Five-year ROI measures 139.43% and total cumulative return in cash totals $99,373.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,934/mo property income versus a $1,052/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Condo
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
Listed by: Ricci Dillon • ERA High Pointe Realty
Mls Name: FHARMLS
Mls Provider:
Mls ID: #20251172
Disclaimer: IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Listing information is deemed reliable, but not guaranteed.