512 E Sherman AveHutchinsonKS67501
INVESTMENT ANALYSIS
Investment Verdict
Appreciation PlayInvestors who prioritise long-run asset value over immediate income should consider 512 E Sherman Ave, Hutchinson, KS, 67501 in Hutchinson. Rental yield 2.32%. At $380,000 with 2.32% gross yield, current distributions are modest, but the 5% appreciation rate projects $104,987 in new equity by year five, complemented by $3,500/yr in principal paydown. Ziffy Mortgage's DSCR loan (0.43) allows non-U.S. residents to acquire without W-2s or domestic credit. Total projected five-year cumulative return: $29,394.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 2.3% | 7.8% |
| Monthly Cash Flow | $(1,794) | $450 |
City averages based on Hutchinson market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $734 |
| Total Monthly Debt Service | $2,377 |
| DSCR Ratio | 0.31x |
Ziffy Mortgage typically prefers a DSCR of 1.0+, but in some cases you may qualify with a DSCR below 1. To explore if this deal qualifies for an investment mortgage, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Multi Family
Built in 1909
0.63 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 67501, Hutchinson, KS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,371 (100%) |
| Owner Occupied HU | 5,645 (49.6%) |
| Renter Occupied HU | 4,047 (35.6%) |
| Vacant Housing Units | 1,679 (14.8%) |
| Median Home Value | $98,322 |
| Average Home Value | $154,618 |
Housing Distribution
Address Breakdown
Residential
10,359
Single Family
10,020
Multi-Family
339
Businesses
1,045
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
Multi Family
Built in 1909
0.63 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 67501, Hutchinson, KS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,371 (100%) |
| Owner Occupied HU | 5,645 (49.6%) |
| Renter Occupied HU | 4,047 (35.6%) |
| Vacant Housing Units | 1,679 (14.8%) |
| Median Home Value | $98,322 |
| Average Home Value | $154,618 |
Housing Distribution
Address Breakdown
Residential
10,359
Single Family
10,020
Multi-Family
339
Businesses
1,045
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Logan Leuenberger • PLAZA/ASTLE REALTY
Mls Name: Mid Kansas MLS & Prairie Land Realtors
Mls ID: #51662
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.