612 E Hill StIndependenceKS67301
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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 Independence at 612 E Hill St, Independence, KS, 67301 priced at $134,500 pairs $1,117/mo rent with $223/mo cash flow after a $658/mo payment. Total monthly income equals $1,117/mo, and annual cash flow comes to $2,670/yr on $44,587 invested. Return on cash invested is 25.9% in year one, and rental yield stands at 9.97% on a $134,500 basis. Equity gained on principal adds $868/yr, and 5% annual appreciation accumulates to $37,160 by year five. Five-year ROI measures 135.62% and total cumulative return in cash reaches $60,468. For financing, Ziffy Mortgage’s DSCR program evaluates $1,117/mo property income against a $658/mo payment instead of your W2s, 1099s, or Tax returns.
Multi Family
Built in 1975
6,970 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 67301, Independence, KS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,975 (100%) |
| Owner Occupied HU | 3,459 (57.9%) |
| Renter Occupied HU | 1,535 (25.7%) |
| Vacant Housing Units | 981 (16.4%) |
| Median Home Value | $143,820 |
| Average Home Value | $161,490 |
Housing Distribution
Address Breakdown
Residential
5,380
Single Family
5,183
Multi-Family
197
Businesses
634
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