618 Thurston 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
Rental property for sale in Manhattan at 618 Thurston St, Manhattan, KS, 66502 priced at $170,000 converts $1,368/mo rent into $237/mo cash flow after a $832/mo obligation. Total monthly income equals $1,368/mo, and annual cash flow totals $2,845/yr on $56,355 invested. Return on cash invested prints 24.96% in year one, and rental yield reads 9.66% against a $170,000 entry. Equity gained on principal adds $1,097/yr, while 5% annual appreciation compiles into $46,968 by year five. Five-year ROI reaches 130.61% and total cumulative return in cash sums $73,605. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,368/mo property income covering a $832/mo payment, not borrower’s personal income.
Multi Family
Built in 1940
7,500 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: Craig Berry • The Alms Group
Mls Name: FHARMLS
Mls Provider:
Mls ID: #20250583
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.