722 E Lexington Ln #AEA9KPAndoverKS67002
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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 Andover at 722 E Lexington Ln #AEA9KP, Andover, KS, 67002 priced at $269,400 converts $2,234/mo rent into $441/mo cash flow after a $1,319/mo obligation. Total monthly income equals $2,234/mo, and annual cash flow totals $5,296/yr on $89,306 invested. Return on cash invested prints 25.84% in year one, and rental yield reads 9.95% against a $269,400 entry. Equity gained on principal adds $1,738/yr, while 5% annual appreciation compiles into $74,430 by year five. Five-year ROI reaches 135.29% and total cumulative return in cash sums $120,821. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,234/mo property income covering a $1,319/mo payment, not borrower’s personal income.
Single Family
Built in 2023
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 67002, Andover, KS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,452 (100%) |
| Owner Occupied HU | 4,625 (71.7%) |
| Renter Occupied HU | 1,388 (21.5%) |
| Vacant Housing Units | 439 ( 6.8%) |
| Median Home Value | $280,299 |
| Average Home Value | $307,744 |
Housing Distribution
Address Breakdown
Residential
6,282
Single Family
5,874
Multi-Family
408
Businesses
576
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