608 N Madison StSpring HillKS66083
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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
Rental property for sale in Spring Hill at 608 N Madison St, Spring Hill, KS, 66083 offers $2,079/mo rent that, after a $1,224/mo payment, leaves $415/mo cash flow. Total monthly income is $2,079/mo, and annual cash flow is $4,985/yr on $82,875 cash. Return on cash invested measures 25.92% in year one, and rental yield stands at 9.98% at a $250,000 entry. Equity gained on principal adds $1,613/yr while 5% annual appreciation compounds into $69,070 by year five. Five-year ROI records 135.74% and total cumulative return in cash reaches $112,498. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,079/mo property income versus a $1,224/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1940
0.41 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 66083, Spring Hill, KS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,940 (100%) |
| Owner Occupied HU | 3,876 (78.5%) |
| Renter Occupied HU | 793 (16.1%) |
| Vacant Housing Units | 271 ( 5.5%) |
| Median Home Value | $388,499 |
| Average Home Value | $458,838 |
Housing Distribution
Address Breakdown
Residential
4,877
Single Family
4,855
Multi-Family
22
Businesses
230
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Listed by: Michelle Holland • Anchor and Bloom Realty, LLC
Mls Name: Heartland MLS as distributed by MLS GRID
Mls ID: #2595246