703 W 7th StWaverlyKS66871
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
Investment Highlights
Rental property for sale in Waverly at 703 W 7th St, Waverly, KS, 66871 offers $1,958/mo rent that, after a $1,419/mo payment, leaves $29/mo cash flow. Total monthly income is $1,958/mo, and annual cash flow is $349/yr on $96,135 cash. Return on cash invested measures 20.27% in year one, and rental yield stands at 8.1% at a $290,000 entry. Equity gained on principal adds $1,871/yr while 5% annual appreciation compounds into $80,122 by year five. Five-year ROI records 105.44% and total cumulative return in cash reaches $101,368. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,958/mo property income versus a $1,419/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
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
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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.