709 Ridgewood DrManhattanKS66502
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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 Manhattan at 709 Ridgewood Dr, Manhattan, KS, 66502 at $260,300 posts ROI 29.7% with $704/mo cash flow from $2,436/mo rent. Total monthly income equals $2,436/mo, and annual cash flow records $8,452/yr on $86,289 to close. Return on cash invested measures 29.7% and rental yield reads 11.23% at the current $260,300. Equity gained on principal adds $1,680/yr, and 5% annual appreciation supports $71,916 by year five. Five-year ROI prints 156.01% and total cumulative return in cash totals $134,620.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $2,436/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1978
8,748 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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