513 E 24th AveHutchinsonKS67502
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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 Hutchinson at 513 E 24th Ave, Hutchinson, KS, 67502 generates $1,831/mo in rent and, after a $974/mo payment, leaves $507/mo in cash flow. Total monthly income is $1,831/mo, and annual cash flow is $6,085/yr on $65,969 invested. Return on cash invested sits at 29.13% in year one, and rental yield is 11.04% on a $199,000 entry. Equity gained on principal adds $1,284/yr, while 5% annual appreciation builds toward $54,980 over five years. Five-year ROI reaches 152.97% and total cumulative return in cash sums $100,914. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,831/mo property income rather than buyer’s personal income.
Single Family
Built in 1963
8,712 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 67502, Hutchinson, KS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,977 (100%) |
| Owner Occupied HU | 7,500 (68.3%) |
| Renter Occupied HU | 2,649 (24.1%) |
| Vacant Housing Units | 828 ( 7.5%) |
| Median Home Value | $203,460 |
| Average Home Value | $244,115 |
Housing Distribution
Address Breakdown
Residential
10,201
Single Family
9,484
Multi-Family
717
Businesses
400
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Listed by: Jeff S Odermann • Four Seasons Realtors
Mls Name: Mid Kansas MLS & Prairie Land Realtors
Mls ID: #53825