1005 Melanie LnGarden CityKS67846
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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 Garden City at 1005 Melanie Ln, Garden City, KS, 67846 earns $702/mo cash flow from $2,424/mo rent with a $1,267/mo payment. Total monthly income totals $2,424/mo, and annual cash flow totals $8,421/yr on $85,825 capital. ROI tracks 29.72% on current figures, and rental yield reads 11.24% at a $258,900 purchase. Equity gained on principal adds $1,671/yr, and 5% annual appreciation supports $71,529 over five years. Five-year ROI reaches 156.09% and total cumulative return in cash sums $133,964. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,424/mo property income instead of your personal income.
Single Family
Built in 1964
0.25 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 67846, Garden City, KS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,216 (100%) |
| Owner Occupied HU | 7,551 (57.1%) |
| Renter Occupied HU | 4,505 (34.1%) |
| Vacant Housing Units | 1,160 ( 8.8%) |
| Median Home Value | $220,198 |
| Average Home Value | $253,183 |
Housing Distribution
Address Breakdown
Residential
12,610
Single Family
11,904
Multi-Family
706
Businesses
1,517
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Listed by: Alexandria Knoll • MBA Real Estate
Mls Name: Kansas High Plains AOR
Mls ID: #100879