616 NW 7th StAbileneKS67410
Nearby investment properties with comparable rents
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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 Abilene at 616 NW 7th St, Abilene, KS, 67410 priced at $127,000 converts $931/mo rent into $65/mo cash flow after a $622/mo obligation. Total monthly income equals $931/mo, and annual cash flow totals $781/yr on $42,101 invested. Return on cash invested prints 21.76% in year one, and rental yield reads 8.8% against a $127,000 entry. Equity gained on principal adds $820/yr, while 5% annual appreciation compiles into $35,088 by year five. Five-year ROI reaches 113.72% and total cumulative return in cash sums $47,877. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $931/mo property income covering a $622/mo payment, not borrower’s personal income.
Single Family
Built in 1900
5,662 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 67410, Abilene, KS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,589 (100%) |
| Owner Occupied HU | 2,964 (64.6%) |
| Renter Occupied HU | 1,105 (24.1%) |
| Vacant Housing Units | 520 (11.3%) |
| Median Home Value | $174,213 |
| Average Home Value | $205,179 |
Housing Distribution
Address Breakdown
Residential
4,482
Single Family
4,256
Multi-Family
226
Businesses
449
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Listed by: Lacy Hartwick • Black & Company REALTORS
Mls Name: FHARMLS
Mls Provider:
Mls ID: #20242219
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.