604 N 2nd AveNortonKS67654
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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 Norton at 604 N 2nd Ave, Norton, KS, 67654 generates $950/mo in rent and, after a $636/mo payment, leaves $85/mo in cash flow. Total monthly income is $950/mo, and annual cash flow is $1,025/yr on $43,095 invested. Return on cash invested sits at 22.29% in year one, and rental yield is 8.77% on a $130,000 entry. Equity gained on principal adds $839/yr, while 5% annual appreciation builds toward $35,917 over five years. Five-year ROI reaches 116.26% and total cumulative return in cash sums $50,103. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $950/mo property income rather than buyer’s personal income.
Single Family
Built in 1940
7,000 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 67654, Norton, KS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,801 (100%) |
| Owner Occupied HU | 1,099 (61.0%) |
| Renter Occupied HU | 419 (23.3%) |
| Vacant Housing Units | 283 (15.7%) |
| Median Home Value | $135,482 |
| Average Home Value | $169,916 |
Housing Distribution
Address Breakdown
Residential
1,582
Single Family
1,556
Multi-Family
26
Businesses
233
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