510 Stone Pointe DrManhattanKS66503
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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 Manhattan at 510 Stone Pointe Dr, Manhattan, KS, 66503 generates $1,832/mo in rent and, after a $973/mo payment, leaves $393/mo in cash flow. Total monthly income is $1,832/mo, and annual cash flow is $4,715/yr on $65,869 invested. Return on cash invested sits at 27.07% in year one, and rental yield is 11.06% on a $198,700 entry. Equity gained on principal adds $1,282/yr, while 5% annual appreciation builds toward $54,897 over five years. Five-year ROI reaches 142.59% and total cumulative return in cash sums $93,920. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,832/mo property income rather than buyer’s personal income.
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
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