902 Connecticut AveManhattanKS66502
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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
Investment property for sale in Manhattan at 902 Connecticut Ave, Manhattan, KS, 66502 uses $66,300 cash to close to unlock $3,604/yr annual cash flow and $300/mo monthly cash flow. Total monthly income runs $1,631/mo, and a $979/mo payment keeps the spread at $300/mo. Purchase price stands at $200,000, and rental yield measures 9.79% with $1,631/mo rent. Return on cash invested shows 25.34% in year one, and 5% annual appreciation builds toward $55,256 over five years. Five-year ROI reaches 132.65% and total cumulative return in cash records $87,944. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,631/mo property income covering a $979/mo payment rather than investor’s personal income.
Condo
Built in 1986
9,147 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 66502, Manhattan, KS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 21,707 (100%) |
| Owner Occupied HU | 7,912 (36.4%) |
| Renter Occupied HU | 11,060 (51.0%) |
| Vacant Housing Units | 2,735 (12.6%) |
| Median Home Value | $233,725 |
| Average Home Value | $253,496 |
Housing Distribution
Address Breakdown
Residential
19,895
Single Family
15,511
Multi-Family
4,384
Businesses
1,625
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