901 W 24th AveHutchinsonKS67502
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 Hutchinson at 901 W 24th Ave, Hutchinson, KS, 67502 uses $82,842 cash to close to unlock $947/yr annual cash flow and $79/mo monthly cash flow. Total monthly income runs $1,753/mo, and a $1,223/mo payment keeps the spread at $79/mo. Purchase price stands at $249,900, and rental yield measures 8.42% with $1,753/mo rent. Return on cash invested shows 21.05% in year one, and 5% annual appreciation builds toward $69,043 over five years. Five-year ROI reaches 109.64% and total cumulative return in cash records $90,830. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,753/mo property income covering a $1,223/mo payment rather than investor’s personal income.
Single Family
Built in 1969
0.31 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 67502, Hutchinson, KS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,977 (100%) |
| Owner Occupied HU | 7,500 (68.3%) |
| Renter Occupied HU | 2,649 (24.1%) |
| Vacant Housing Units | 828 ( 7.5%) |
| Median Home Value | $203,460 |
| Average Home Value | $244,115 |
Housing Distribution
Address Breakdown
Residential
10,201
Single Family
9,484
Multi-Family
717
Businesses
400
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Joe Burgey • Coldwell Banker Americana, Realtors
Mls Name: Mid Kansas MLS & Prairie Land Realtors
Mls ID: #52303
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.