1007 E Iron AveSalinaKS67401
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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 Salina at 1007 E Iron Ave, Salina, KS, 67401 priced at $107,500 converts $845/mo rent into $130/mo cash flow after a $526/mo obligation. Total monthly income equals $845/mo, and annual cash flow totals $1,560/yr on $35,636 invested. Return on cash invested prints 24.29% in year one, and rental yield reads 9.43% against a $107,500 entry. Equity gained on principal adds $694/yr, while 5% annual appreciation compiles into $29,700 by year five. Five-year ROI reaches 126.93% and total cumulative return in cash sums $45,235. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $845/mo property income covering a $526/mo payment, not borrower’s personal income.
Single Family
Built in 1910
7,405 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 67401, Salina, KS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 22,465 (100%) |
| Owner Occupied HU | 13,141 (58.5%) |
| Renter Occupied HU | 7,464 (33.2%) |
| Vacant Housing Units | 1,860 ( 8.3%) |
| Median Home Value | $197,113 |
| Average Home Value | $229,727 |
Housing Distribution
Address Breakdown
Residential
22,087
Single Family
20,528
Multi-Family
1,559
Businesses
1,809
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