107 S Nevada StLeonardvilleKS66449
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeThe cash-flow margin at 107 S Nevada St, Leonardville, KS, 66449 in Leonardville is narrow, $72/mo net on $1,136/mo rent after the $719/mo debt service, but the property operates at break-even-plus, not a loss. At $160,000 with a 8.52% yield, the long-run equity case via 5% appreciation ($44,205 over five years) and $1,474/yr in principal paydown is where the returns accumulate. Ziffy Mortgage's 1.58 DSCR loan requires no W-2s or U.S. credit. Total projected cumulative return: $65,656.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 8.5% | 6.5% |
| Monthly Cash Flow | $72 | $620 |
City averages based on Leonardville market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,136 |
| Total Monthly Debt Service | $1,001 |
| DSCR Ratio | 1.14x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, 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 1957
0.30 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 66449, Leonardville, KS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 393 (100%) |
| Owner Occupied HU | 267 (67.9%) |
| Renter Occupied HU | 69 (17.6%) |
| Vacant Housing Units | 57 (14.5%) |
| Median Home Value | $318,317 |
| Average Home Value | $317,537 |
Housing Distribution
Address Breakdown
Residential
263
Single Family
263
Multi-Family
0
Businesses
17
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 1957
0.30 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 66449, Leonardville, KS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 393 (100%) |
| Owner Occupied HU | 267 (67.9%) |
| Renter Occupied HU | 69 (17.6%) |
| Vacant Housing Units | 57 (14.5%) |
| Median Home Value | $318,317 |
| Average Home Value | $317,537 |
Housing Distribution
Address Breakdown
Residential
263
Single Family
263
Multi-Family
0
Businesses
17
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Lori Rogge • Gene Francis & Associates
Mls Name: FHARMLS
Mls Provider:
Mls ID: #20242281
Disclaimer: IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Listing information is deemed reliable, but not guaranteed.