8731 Ottawa RdAltoonaKS66710
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
Investment Highlights
Investment property for sale in Altoona at 8731 Ottawa Rd, Altoona, KS, 66710 offers a 8.47% rental yield on a $260,000 purchase with $1,835/mo rent. Total monthly income registers $1,835/mo, and a $1,273/mo payment leaves $105/mo available for distribution. Annual cash flow reaches $1,258/yr on $86,190 to close, and return on cash invested stands at 21.37% in year one. Equity gained on principal adds $1,678/yr while 5% annual appreciation supports $71,833 over five years. Portfolio math shows five-year ROI at 111.28% and total cumulative return in cash at $95,909. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,835/mo property income against a $1,273/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in N/A
6.50 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 66710, Altoona, KS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 347 (100%) |
| Owner Occupied HU | 232 (66.9%) |
| Renter Occupied HU | 45 (13.0%) |
| Vacant Housing Units | 70 (20.2%) |
| Median Home Value | $135,714 |
| Average Home Value | $190,011 |
Housing Distribution
Address Breakdown
Residential
245
Single Family
245
Multi-Family
0
Businesses
19
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Nearby investment properties with comparable prices
Listed by: Rita Voth • Larry Marshall Auction & Realt
Mls Name: HKMMLS as distributed by MLS GRID
Mls Provider:
Mls ID: #2522873
Disclaimer: Based on information submitted to the MLS GRID as of 2024-01-26 09:44:00 PST. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website. Prices displayed on all Sold listings are the Last Known Listing Price and may not be the actual selling price. [Click here for more information](/info/mls-disclaimers/#mls_45) Listing Information presented by local MLS brokerage: Zillow, Inc., local REALTOR- Terry York - (913) 213-6604