103 Mill Valley StAlmaKS66401
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
Investment Highlights
Rental property for sale in Alma at 103 Mill Valley St, Alma, KS, 66401 offers $2,207/mo rent that, after a $1,370/mo payment, leaves $345/mo cash flow. Total monthly income is $2,207/mo, and annual cash flow is $4,136/yr on $92,820 cash. Return on cash invested measures 24.36% in year one, and rental yield stands at 9.46% at a $280,000 entry. Equity gained on principal adds $1,807/yr while 5% annual appreciation compounds into $77,359 by year five. Five-year ROI records 127.35% and total cumulative return in cash reaches $118,209. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,207/mo property income versus a $1,370/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 2021
0.49 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 66401, Alma, KS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 970 (100%) |
| Owner Occupied HU | 620 (63.9%) |
| Renter Occupied HU | 127 (13.1%) |
| Vacant Housing Units | 223 (23.0%) |
| Median Home Value | $164,394 |
| Average Home Value | $225,742 |
Housing Distribution
Address Breakdown
Residential
637
Single Family
637
Multi-Family
0
Businesses
63
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