937 Circle DrIndependenceKS67301
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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 Independence at 937 Circle Dr, Independence, KS, 67301 generates $986/mo in rent, after a $1,021/mo payment. Total monthly income is $986/mo. Return on cash invested sits at 12.94% in year one, and rental yield is 5.67% on a $208,500 entry. Equity gained on principal adds $1,345/yr, while 5% annual appreciation builds toward $57,605 over five years. Five-year ROI reaches 66.1% and total cumulative return in cash sums $45,685. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $986/mo property income rather than buyer’s personal income.
Single Family
Built in 1974
0.30 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 67301, Independence, KS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,975 (100%) |
| Owner Occupied HU | 3,459 (57.9%) |
| Renter Occupied HU | 1,535 (25.7%) |
| Vacant Housing Units | 981 (16.4%) |
| Median Home Value | $143,820 |
| Average Home Value | $161,490 |
Housing Distribution
Address Breakdown
Residential
5,380
Single Family
5,183
Multi-Family
197
Businesses
634
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Listed by: Sarah Bright • Keller Williams Realty Select
Mls Name: Heartland MLS as distributed by MLS GRID
Mls ID: #2582755