1010 Bernice AveGarden 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 1010 Bernice Ave, Garden City, KS, 67846 uses $71,936 cash to close to unlock $6,605/yr annual cash flow and $550/mo monthly cash flow. Total monthly income runs $1,994/mo, and a $1,062/mo payment keeps the spread at $550/mo. Purchase price stands at $217,000, and rental yield measures 11.03% with $1,994/mo rent. Return on cash invested shows 29.09% in year one, and 5% annual appreciation builds toward $59,953 over five years. Five-year ROI reaches 152.73% and total cumulative return in cash records $109,865. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,994/mo property income covering a $1,062/mo payment rather than investor’s personal income.
Single Family
Built in 1920
4.90 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: Jamie Biera • RE/MAX One
Mls Name: Kansas High Plains AOR
Mls ID: #100881