113 W Kelly StMedicine LodgeKS67104
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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
Rental property for sale in Medicine Lodge at 113 W Kelly St, Medicine Lodge, KS, 67104 offers $1,099/mo rent that, after a $969/mo payment. Total monthly income is $1,099/mo. Return on cash invested measures 15.92% in year one, and rental yield stands at 6.66% at a $198,000 entry. Equity gained on principal adds $1,278/yr while 5% annual appreciation compounds into $54,704 by year five. Five-year ROI records 82.04% and total cumulative return in cash reaches $53,848. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,099/mo property income versus a $969/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1982
0.26 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 67104, Medicine Lodge, KS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,311 (100%) |
| Owner Occupied HU | 727 (55.5%) |
| Renter Occupied HU | 267 (20.4%) |
| Vacant Housing Units | 317 (24.2%) |
| Median Home Value | $93,750 |
| Average Home Value | $118,177 |
Housing Distribution
Address Breakdown
Residential
994
Single Family
952
Multi-Family
42
Businesses
174
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Listed by: Earl Vanranken • Great Western Auction and Realty, LLC
Mls Name: My State MLS
Mls ID: #11402022