516 N Sheridan StMinneapolisKS67467
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash Flow516 N Sheridan St, Minneapolis, KS, 67467 in Minneapolis is a solid income-producing rental, 10.94% gross yield, $1,034/mo rent, $279/mo net cash flow on a $113,500 buy. DSCR 2.03 qualifies the property for Ziffy Mortgage's financing without personal income documentation. Five-year appreciation of $31,358 and $1,045/yr in principal reduction project a total cumulative return of $61,270.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 10.9% | 6.0% |
| Monthly Cash Flow | $279 | $250 |
City averages based on Minneapolis market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,034 |
| Total Monthly Debt Service | $710 |
| DSCR Ratio | 1.46x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, 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.
Single Family
Built in 1910
6,098 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 67467, Minneapolis, KS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,340 (100%) |
| Owner Occupied HU | 880 (65.7%) |
| Renter Occupied HU | 267 (19.9%) |
| Vacant Housing Units | 193 (14.4%) |
| Median Home Value | $228,814 |
| Average Home Value | $240,710 |
Housing Distribution
Address Breakdown
Residential
1,193
Single Family
1,163
Multi-Family
30
Businesses
158
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
Single Family
Built in 1910
6,098 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 67467, Minneapolis, KS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,340 (100%) |
| Owner Occupied HU | 880 (65.7%) |
| Renter Occupied HU | 267 (19.9%) |
| Vacant Housing Units | 193 (14.4%) |
| Median Home Value | $228,814 |
| Average Home Value | $240,710 |
Housing Distribution
Address Breakdown
Residential
1,193
Single Family
1,163
Multi-Family
30
Businesses
158
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Pamela Chyba • ListWithFreedom.com
Mls Name: Mid Kansas MLS & Prairie Land Realtors
Mls ID: #52300
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.