625 W Oak 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 625 W Oak St, Independence, KS, 67301 offers a 10.29% rental yield on a $115,000 purchase with $986/mo rent. Total monthly income registers $986/mo, and a $563/mo payment leaves $221/mo available for distribution. Annual cash flow reaches $2,649/yr on $38,123 to close, and return on cash invested stands at 26.86% in year one. Equity gained on principal adds $742/yr while 5% annual appreciation supports $31,772 over five years. Portfolio math shows five-year ROI at 140.73% and total cumulative return in cash at $53,649. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $986/mo property income against a $563/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1955
0.27 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: Michelle Loganbill • Coldwell Banker Pasternak Johnson
Mls Name: Heartland MLS as distributed by MLS GRID
Mls ID: #2597195