902 N 9th StNeodeshaKS66757
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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 Neodesha at 902 N 9th St, Neodesha, KS, 66757 offers a 10.99% rental yield on a $164,000 purchase with $1,502/mo rent. Total monthly income registers $1,502/mo, and a $803/mo payment leaves $411/mo available for distribution. Annual cash flow reaches $4,928/yr on $54,366 to close, and return on cash invested stands at 28.97% in year one. Equity gained on principal adds $1,058/yr while 5% annual appreciation supports $45,310 over five years. Portfolio math shows five-year ROI at 152.1% and total cumulative return in cash at $82,689. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,502/mo property income against a $803/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Multi Family
Built in 2024
6,969 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 66757, Neodesha, KS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,621 (100%) |
| Owner Occupied HU | 916 (56.5%) |
| Renter Occupied HU | 442 (27.3%) |
| Vacant Housing Units | 263 (16.2%) |
| Median Home Value | $113,636 |
| Average Home Value | $156,174 |
Housing Distribution
Address Breakdown
Residential
1,394
Single Family
1,387
Multi-Family
7
Businesses
142
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