LOT 4 S Waverly RdSpring HillKS66083
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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 Spring Hill at LOT 4 S Waverly Rd, Spring Hill, KS, 66083 listed at $175,000 pairs $1,987/mo rent with a $857/mo payment to leave $822/mo cash flow. Total monthly income runs $1,987/mo, and annual cash flow reaches $9,867/yr on $58,013 cash to close. Return on cash invested measures 36.92% in year one, and rental yield registers 13.63% at a $175,000 basis. Equity gained on principal adds $1,129/yr, and annual property appreciation at 5% supports $48,349 by year five. Five-year ROI tracks 194.74% and total cumulative return in cash totals $112,975. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,987/mo property income relative to a $857/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Lot
Built in N/A
2.94 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 66083, Spring Hill, KS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,940 (100%) |
| Owner Occupied HU | 3,876 (78.5%) |
| Renter Occupied HU | 793 (16.1%) |
| Vacant Housing Units | 271 ( 5.5%) |
| Median Home Value | $388,499 |
| Average Home Value | $458,838 |
Housing Distribution
Address Breakdown
Residential
4,877
Single Family
4,855
Multi-Family
22
Businesses
230
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Nearby investment properties with comparable prices
Listed by: Pam Page • Keller Williams Realty Partner
Mls Name: HKMMLS as distributed by MLS GRID
Mls Provider:
Mls ID: #2486232
Disclaimer: Based on information submitted to the MLS GRID as of 2024-01-26 09:44:00 PST. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website. Prices displayed on all Sold listings are the Last Known Listing Price and may not be the actual selling price. [Click here for more information](/info/mls-disclaimers/#mls_45) Listing Information presented by local MLS brokerage: Zillow, Inc., local REALTOR- Terry York - (913) 213-6604