808 E 3rd StCherryvaleKS67335
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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
Investment property for sale in Cherryvale at 808 E 3rd St, Cherryvale, KS, 67335 listed at $245,000 pairs $1,080/mo rent with a $1,199/mo payment. Total monthly income runs $1,080/mo. Return on cash invested measures 11.79% in year one, and rental yield registers 5.29% at a $245,000 basis. Equity gained on principal adds $1,581/yr, and annual property appreciation at 5% supports $67,689 by year five. Five-year ROI tracks 59.93% and total cumulative return in cash totals $48,672. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,080/mo property income relative to a $1,199/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1965
1.10 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 67335, Cherryvale, KS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,640 (100%) |
| Owner Occupied HU | 1,072 (65.4%) |
| Renter Occupied HU | 343 (20.9%) |
| Vacant Housing Units | 225 (13.7%) |
| Median Home Value | $123,281 |
| Average Home Value | $179,564 |
Housing Distribution
Address Breakdown
Residential
1,429
Single Family
1,429
Multi-Family
0
Businesses
99
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Listed by: Nichole Adkison • Heritage 1st Realty
Mls Name: Heartland MLS as distributed by MLS GRID
Mls ID: #2586853