1009 George CtEffinghamKS66023
INVESTMENT ANALYSIS
Investment Verdict
Appreciation Play1009 George Ct, Effingham, KS, 66023 in Effingham is priced for appreciation, not yield. Rental yield 2.22%. At $390,000 with a 2.22% gross yield, the monthly income is modest, but 5% annual price growth is projected to add $107,750 in value over five years, making equity the primary return driver. Ziffy Mortgage's DSCR mortgage (0.41) can still finance this property for non-U.S. residents; a 30–35% down payment typically produces the cleanest underwriting for appreciation-focused assets. Total projected cumulative return: $28,046.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 2.2% | 6.0% |
| Monthly Cash Flow | $(1,875) | $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 | $2,439 |
| DSCR Ratio | 0.30x |
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
0.98 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
0.98 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