607 E Simpson StMcPhersonKS67460
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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 McPherson at 607 E Simpson St, McPherson, KS, 67460 uses $46,410 cash to close to unlock $1,594/yr annual cash flow and $133/mo monthly cash flow. Total monthly income runs $1,064/mo, and a $685/mo payment keeps the spread at $133/mo. Purchase price stands at $140,000, and rental yield measures 9.12% with $1,064/mo rent. Return on cash invested shows 23.34% in year one, and 5% annual appreciation builds toward $38,679 over five years. Five-year ROI reaches 121.88% and total cumulative return in cash records $56,566. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,064/mo property income covering a $685/mo payment rather than investor’s personal income.
Single Family
Built in 1958
6,534 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 67460, Mcpherson, KS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,280 (100%) |
| Owner Occupied HU | 4,458 (61.2%) |
| Renter Occupied HU | 2,088 (28.7%) |
| Vacant Housing Units | 734 (10.1%) |
| Median Home Value | $225,576 |
| Average Home Value | $256,575 |
Housing Distribution
Address Breakdown
Residential
6,870
Single Family
6,415
Multi-Family
455
Businesses
715
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