604 Terrace DrNewtonKS67114
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
Investment Highlights
Investment property for sale in Newton at 604 Terrace Dr, Newton, KS, 67114 at $194,900 posts ROI 25.09% with $279/mo cash flow from $1,639/mo rent. Total monthly income equals $1,639/mo, and annual cash flow records $3,346/yr on $64,609 to close. Return on cash invested measures 25.09% and rental yield reads 10.09% at the current $194,900. Equity gained on principal adds $1,258/yr, and 5% annual appreciation supports $53,847 by year five. Five-year ROI prints 131.65% and total cumulative return in cash totals $85,059.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $1,639/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1979
8,712 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 67114, Newton, KS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,484 (100%) |
| Owner Occupied HU | 5,752 (60.6%) |
| Renter Occupied HU | 2,808 (29.6%) |
| Vacant Housing Units | 924 ( 9.7%) |
| Median Home Value | $173,253 |
| Average Home Value | $211,330 |
Housing Distribution
Address Breakdown
Residential
8,971
Single Family
8,686
Multi-Family
285
Businesses
765
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Nearby investment properties with comparable prices
Listed by: Joe Danler • Berkshire Hathaway PenFed Realty
Mls Name: SCKMLS
Mls ID: #641772
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. This information is not verified for authenticity or accuracy, is not guaranteed and may not reflect all real estate activity in the market. 1993-2024 South Central Kansas Multiple Listing Service, Inc. All rights reserved.