108 E 5th StSolomonKS67480
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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 Solomon at 108 E 5th St, Solomon, KS, 67480 listed at $250,000 pairs $840/mo rent with a $1,224/mo payment. Total monthly income runs $840/mo. Return on cash invested measures 7.98% in year one, and rental yield registers 4.03% at a $250,000 basis. Equity gained on principal adds $1,613/yr, and annual property appreciation at 5% supports $69,070 by year five. Five-year ROI tracks 39.53% and total cumulative return in cash totals $32,758. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $840/mo property income relative to a $1,224/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 2024
0.34 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 67480, Solomon, KS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 717 (100%) |
| Owner Occupied HU | 524 (73.1%) |
| Renter Occupied HU | 134 (18.7%) |
| Vacant Housing Units | 59 ( 8.2%) |
| Median Home Value | $180,488 |
| Average Home Value | $229,461 |
Housing Distribution
Address Breakdown
Residential
619
Single Family
604
Multi-Family
15
Businesses
38
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Listed by: Jerry Short • SalinaHomes
Mls Name: SCKMLS
Mls ID: #654493
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