880 1st StHopeKS67451
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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 Hope at 880 1st St, Hope, KS, 67451 priced at $168,200 converts $1,582/mo rent into $463/mo cash flow after a $823/mo obligation. Total monthly income equals $1,582/mo, and annual cash flow totals $5,559/yr on $55,758 invested. Return on cash invested prints 29.88% in year one, and rental yield reads 11.29% against a $168,200 entry. Equity gained on principal adds $1,085/yr, while 5% annual appreciation compiles into $46,471 by year five. Five-year ROI reaches 156.97% and total cumulative return in cash sums $87,524. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,582/mo property income covering a $823/mo payment, not borrower’s personal income.
Single Family
Built in 1920
7.90 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 67451, Hope, KS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 456 (100%) |
| Owner Occupied HU | 319 (70.0%) |
| Renter Occupied HU | 76 (16.7%) |
| Vacant Housing Units | 61 (13.4%) |
| Median Home Value | $181,750 |
| Average Home Value | $201,254 |
Housing Distribution
Address Breakdown
Residential
315
Single Family
315
Multi-Family
0
Businesses
15
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