905 LaramieManhattanKS67401
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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 905 Laramie, Manhattan, KS, 67401 uses $76,245 cash to close to unlock $1,795/yr annual cash flow and $150/mo monthly cash flow. Total monthly income runs $1,680/mo, and a $1,126/mo payment keeps the spread at $150/mo. Purchase price stands at $230,000, and rental yield measures 8.77% with $1,680/mo rent. Return on cash invested shows 22.26% in year one, and 5% annual appreciation builds toward $63,545 over five years. Five-year ROI reaches 116.11% and total cumulative return in cash records $88,531. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,680/mo property income covering a $1,126/mo payment rather than investor’s personal income.
Single Family
Built in 1930
6,534 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 67401, Salina, KS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 22,465 (100%) |
| Owner Occupied HU | 13,141 (58.5%) |
| Renter Occupied HU | 7,464 (33.2%) |
| Vacant Housing Units | 1,860 ( 8.3%) |
| Median Home Value | $197,113 |
| Average Home Value | $229,727 |
Housing Distribution
Address Breakdown
Residential
22,087
Single Family
20,528
Multi-Family
1,559
Businesses
1,809
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Listed by: Jeremy Sidoriak • EXP Realty LLC
Mls Name: GPMLS
Mls Provider:
Mls ID: #211505
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.