1008 N Main StGarden 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
Rental property for sale in Garden City at 1008 N Main St, Garden City, KS, 67846 generates $2,037/mo in rent and, after a $1,419/mo payment, leaves $108/mo in cash flow. Total monthly income is $2,037/mo, and annual cash flow is $1,299/yr on $96,102 invested. Return on cash invested sits at 21.26% in year one, and rental yield is 8.43% on a $289,900 entry. Equity gained on principal adds $1,871/yr, while 5% annual appreciation builds toward $80,094 over five years. Five-year ROI reaches 110.73% and total cumulative return in cash sums $106,413. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,037/mo property income rather than buyer’s personal income.
Single Family
Built in 1944
7,013 sqft 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: Gabriel Gallardo • Crockett & Co Real Estate, LLC
Mls Name: Kansas High Plains AOR
Mls ID: #100882