602 S Larson AveChanuteKS66720
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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
Investment Highlights
Investment property for sale in Chanute at 602 S Larson Ave, Chanute, KS, 66720 offers a 11.07% rental yield on a $172,500 purchase with $1,591/mo rent. Total monthly income registers $1,591/mo, and a $844/mo payment leaves $444/mo available for distribution. Annual cash flow reaches $5,324/yr on $57,184 to close, and return on cash invested stands at 29.22% in year one. Equity gained on principal adds $1,113/yr while 5% annual appreciation supports $47,659 over five years. Portfolio math shows five-year ROI at 153.4% and total cumulative return in cash at $87,722. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,591/mo property income against a $844/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1959
0.52 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 66720, Chanute, KS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,022 (100%) |
| Owner Occupied HU | 2,946 (58.7%) |
| Renter Occupied HU | 1,429 (28.5%) |
| Vacant Housing Units | 647 (12.9%) |
| Median Home Value | $112,418 |
| Average Home Value | $154,089 |
Housing Distribution
Address Breakdown
Residential
4,742
Single Family
4,643
Multi-Family
99
Businesses
505
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