613 N 9th StManhattanKS66502
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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 Manhattan at 613 N 9th St, Manhattan, KS, 66502 with 5% annual appreciation on a $209,900 basis while $1,450/mo rent supports operations. Total monthly income totals $1,450/mo and a $1,027/mo payment preserves $54/mo for cash returns. Annual cash flow comes to $647/yr on $69,582 deployed, and return on cash invested reaches 20.84% in year one. Equity gained on principal adds $1,354/yr, and five-year appreciation sums $57,992 alongside rental yield of 8.29%. Five-year ROI measures 108.44% and total cumulative return in cash totals $75,452.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,450/mo property income versus a $1,027/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1900
5,227 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 66502, Manhattan, KS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 21,707 (100%) |
| Owner Occupied HU | 7,912 (36.4%) |
| Renter Occupied HU | 11,060 (51.0%) |
| Vacant Housing Units | 2,735 (12.6%) |
| Median Home Value | $233,725 |
| Average Home Value | $253,496 |
Housing Distribution
Address Breakdown
Residential
19,895
Single Family
15,511
Multi-Family
4,384
Businesses
1,625
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Listed by: Ricci Dillon • ERA High Pointe Realty
Mls Name: FHARMLS
Mls Provider:
Mls ID: #20251087
Disclaimer: IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Listing information is deemed reliable, but not guaranteed.