703 W 7th StWaverlyKS66871
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeTight but positive: 703 W 7th St, Waverly, KS, 66871 in Waverly at $290,000 earns $1,958/mo in rent and nets $29/mo after the $1,304/mo payment, a 8.1% yield with limited short-term income headroom. The equity story offsets the thin monthly spread: 5% annual appreciation adds $80,122 over five years. Ziffy Mortgage underwrites this on a 1.50 DSCR without U.S. credit history. With $2,671/yr in principal paydown, total projected return reaches $112,448.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 8.1% | 6.0% |
| Monthly Cash Flow | $29 | $300 |
City averages based on Waverly market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,958 |
| Total Monthly Debt Service | $1,814 |
| DSCR Ratio | 1.08x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Manufactured
Built in 2006
0.60 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 66871, Waverly, KS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 586 (100%) |
| Owner Occupied HU | 428 (73.0%) |
| Renter Occupied HU | 89 (15.2%) |
| Vacant Housing Units | 69 (11.8%) |
| Median Home Value | $154,487 |
| Average Home Value | $209,246 |
Housing Distribution
Address Breakdown
Residential
442
Single Family
442
Multi-Family
0
Businesses
31
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Manufactured
Built in 2006
0.60 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 66871, Waverly, KS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 586 (100%) |
| Owner Occupied HU | 428 (73.0%) |
| Renter Occupied HU | 89 (15.2%) |
| Vacant Housing Units | 69 (11.8%) |
| Median Home Value | $154,487 |
| Average Home Value | $209,246 |
Housing Distribution
Address Breakdown
Residential
442
Single Family
442
Multi-Family
0
Businesses
31
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Shalena Rohrer • TrustPoint Real Estate
Mls Name: Sunflower AOR
Mls Provider:
Mls ID: #237291
Disclaimer: IDX information is provided exclusively for consumers personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the MLS.