516 N Sheridan StMinneapolisKS67467
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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
Investment property for sale in Minneapolis at 516 N Sheridan St, Minneapolis, KS, 67467 at $113,500 posts ROI 28.79% with $278/mo cash flow from $1,034/mo rent. Total monthly income equals $1,034/mo, and annual cash flow records $3,341/yr on $37,625 to close. Return on cash invested measures 28.79% and rental yield reads 10.93% at the current $113,500. Equity gained on principal adds $732/yr, and 5% annual appreciation supports $31,358 by year five. Five-year ROI prints 151.16% and total cumulative return in cash totals $56,874.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $1,034/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
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
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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.