620 S 6th 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
Investment property for sale in Independence at 620 S 6th St, Independence, KS, 67301 listed at $139,500 pairs $986/mo rent with a $683/mo payment to leave $58/mo cash flow. Total monthly income runs $986/mo, and annual cash flow reaches $693/yr on $46,244 cash to close. Return on cash invested measures 21.41% in year one, and rental yield registers 8.48% at a $139,500 basis. Equity gained on principal adds $900/yr, and annual property appreciation at 5% supports $38,541 by year five. Five-year ROI tracks 111.5% and total cumulative return in cash totals $51,561. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $986/mo property income relative to a $683/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1956
0.25 Acres 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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Listed by: Shelley Schultz • Coldwell Banker Pasternak Johnson
Mls Name: Heartland MLS as distributed by MLS GRID
Mls ID: #2566161