LOT 5 Mitchell RdTonganoxieKS66086
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Tonganoxie at LOT 5 Mitchell Rd, Tonganoxie, KS, 66086 at $194,950 posts ROI 25.2% with $285/mo cash flow from $1,582/mo rent. Total monthly income equals $1,582/mo, and annual cash flow records $3,423/yr on $64,626 to close. Return on cash invested measures 25.2% and rental yield reads 9.74% at the current $194,950. Equity gained on principal adds $1,258/yr, and 5% annual appreciation supports $53,861 by year five. Five-year ROI prints 131.9% and total cumulative return in cash totals $85,242.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $1,582/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Lot
Built in N/A
10 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 66086, Tonganoxie, KS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,546 (100%) |
| Owner Occupied HU | 3,554 (78.2%) |
| Renter Occupied HU | 802 (17.6%) |
| Vacant Housing Units | 190 ( 4.2%) |
| Median Home Value | $322,334 |
| Average Home Value | $372,297 |
Housing Distribution
Address Breakdown
Residential
4,221
Single Family
4,173
Multi-Family
48
Businesses
203
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Dan Lynch • Lynch Real Estate
Mls Name: HKMMLS as distributed by MLS GRID
Mls Provider:
Mls ID: #2471484
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