109 S Main StSpearvilleKS67876
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeTight but positive: 109 S Main St, Spearville, KS, 67876 in Spearville at $153,000 earns $1,042/mo in rent and nets $24/mo after the $688/mo payment, a 8.17% yield with limited short-term income headroom. The equity story offsets the thin monthly spread: 5% annual appreciation adds $42,271 over five years. Ziffy Mortgage underwrites this on a 1.51 DSCR without U.S. credit history. With $1,409/yr in principal paydown, total projected return reaches $59,865.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 8.2% | 7.0% |
| Monthly Cash Flow | $24 | $250 |
City averages based on Spearville market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,042 |
| Total Monthly Debt Service | $957 |
| DSCR Ratio | 1.09x |
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 1932
7,274 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 67876, Spearville, KS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 502 (100%) |
| Owner Occupied HU | 370 (73.7%) |
| Renter Occupied HU | 90 (17.9%) |
| Vacant Housing Units | 42 ( 8.4%) |
| Median Home Value | $265,625 |
| Average Home Value | $290,919 |
Housing Distribution
Address Breakdown
Residential
324
Single Family
320
Multi-Family
4
Businesses
43
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 1932
7,274 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 67876, Spearville, KS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 502 (100%) |
| Owner Occupied HU | 370 (73.7%) |
| Renter Occupied HU | 90 (17.9%) |
| Vacant Housing Units | 42 ( 8.4%) |
| Median Home Value | $265,625 |
| Average Home Value | $290,919 |
Housing Distribution
Address Breakdown
Residential
324
Single Family
320
Multi-Family
4
Businesses
43
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: N/A • N/A
Mls Name: Kansas High Plains AOR
Mls ID: #101266