715 S Elm StMcPhersonKS67460
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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
Rental property for sale in McPherson at 715 S Elm St, McPherson, KS, 67460 priced at $267,500 converts $1,255/mo rent into after a $1,309/mo obligation. Total monthly income equals $1,255/mo. Return on cash invested prints 12.45% in year one, and rental yield reads 5.63% against a $267,500 entry. Equity gained on principal adds $1,726/yr, while 5% annual appreciation compiles into $73,905 by year five. Five-year ROI reaches 63.64% and total cumulative return in cash sums $56,432. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,255/mo property income covering a $1,309/mo payment, not borrower’s personal income.
Multi Family
Built in 2008
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 67460, Mcpherson, KS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,280 (100%) |
| Owner Occupied HU | 4,458 (61.2%) |
| Renter Occupied HU | 2,088 (28.7%) |
| Vacant Housing Units | 734 (10.1%) |
| Median Home Value | $225,576 |
| Average Home Value | $256,575 |
Housing Distribution
Address Breakdown
Residential
6,870
Single Family
6,415
Multi-Family
455
Businesses
715
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