1003 George CtEffinghamKS66023
INVESTMENT ANALYSIS
Investment Verdict
Appreciation PlayAt a 2.3% gross rental yield, 1003 George Ct, Effingham, KS, 66023 in Effingham is priced for capital growth, not immediate cash flow. The $375,000 purchase reflects market confidence in future value: at 5%/yr, the property is forecast to gain $103,606 by year five, with $3,454/yr in additional equity from loan paydown. Ziffy Mortgage's DSCR mortgage (0.43) qualifies for non-U.S. residents without personal income documents. Total five-year projected cumulative return: $28,760.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 2.3% | 6.0% |
| Monthly Cash Flow | $(1,775) | $400 |
City averages based on Effingham market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $720 |
| Total Monthly Debt Service | $2,346 |
| DSCR Ratio | 0.31x |
Ziffy Mortgage typically prefers a DSCR of 1.0+, but in some cases you may qualify with a DSCR below 1. To explore if this deal qualifies for an investment mortgage, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 2025
0.77 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 66023, Effingham, KS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 490 (100%) |
| Owner Occupied HU | 361 (73.7%) |
| Renter Occupied HU | 69 (14.1%) |
| Vacant Housing Units | 60 (12.2%) |
| Median Home Value | $157,721 |
| Average Home Value | $184,765 |
Housing Distribution
Address Breakdown
Residential
398
Single Family
398
Multi-Family
0
Businesses
21
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
Single Family
Built in 2025
0.77 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 66023, Effingham, KS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 490 (100%) |
| Owner Occupied HU | 361 (73.7%) |
| Renter Occupied HU | 69 (14.1%) |
| Vacant Housing Units | 60 (12.2%) |
| Median Home Value | $157,721 |
| Average Home Value | $184,765 |
Housing Distribution
Address Breakdown
Residential
398
Single Family
398
Multi-Family
0
Businesses
21
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices