7745 Pratt RdErieKS66733
INVESTMENT ANALYSIS
Investment Verdict
Appreciation Play7745 Pratt Rd, Erie, KS, 66733 in Erie is priced for appreciation, not yield. Rental yield 5.58%. At $289,000 with a 5.58% gross yield, the monthly income is modest, but 5% annual price growth is projected to add $79,845 in value over five years, making equity the primary return driver. Ziffy Mortgage's DSCR mortgage (1.03) can still finance this property for non-U.S. residents; a 30–35% down payment typically produces the cleanest underwriting for appreciation-focused assets. Total projected cumulative return: $72,844.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 5.6% | 6.8% |
| Monthly Cash Flow | $(580) | $350 |
City averages based on Erie market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,343 |
| Total Monthly Debt Service | $1,808 |
| DSCR Ratio | 0.74x |
Ziffy Mortgage typically prefers a DSCR of 1.0+, but in some cases you may qualify with a DSCR below 1. To explore if this deal qualifies for an investment mortgage, 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 1992
27 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 66733, Erie, KS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 951 (100%) |
| Owner Occupied HU | 660 (69.4%) |
| Renter Occupied HU | 164 (17.2%) |
| Vacant Housing Units | 127 (13.4%) |
| Median Home Value | $151,190 |
| Average Home Value | $181,617 |
Housing Distribution
Address Breakdown
Residential
835
Single Family
820
Multi-Family
15
Businesses
97
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 1992
27 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 66733, Erie, KS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 951 (100%) |
| Owner Occupied HU | 660 (69.4%) |
| Renter Occupied HU | 164 (17.2%) |
| Vacant Housing Units | 127 (13.4%) |
| Median Home Value | $151,190 |
| Average Home Value | $181,617 |
Housing Distribution
Address Breakdown
Residential
835
Single Family
820
Multi-Family
15
Businesses
97
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices