116 N Division StWatervilleKS66548
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowSolid, durable, and financeable, 116 N Division St, Waterville, KS, 66548 in Waterville earns a 11.28% gross yield at $115,000. Rent of $1,091/mo nets $316/mo after the $517/mo mortgage. The 2.11 DSCR signals clean DSCR underwriting through Ziffy Mortgage, with no personal income verification required. Five-year value growth of $31,772 and $1,059/yr in equity accumulation project a total cumulative return of $64,835.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 11.3% | 8.5% |
| Monthly Cash Flow | $316 | $350 |
City averages based on Waterville market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,091 |
| Total Monthly Debt Service | $719 |
| DSCR Ratio | 1.52x |
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 1915
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 66548, Waterville, KS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 448 (100%) |
| Owner Occupied HU | 328 (73.2%) |
| Renter Occupied HU | 61 (13.6%) |
| Vacant Housing Units | 59 (13.2%) |
| Median Home Value | $112,121 |
| Average Home Value | $170,373 |
Housing Distribution
Address Breakdown
Residential
266
Single Family
266
Multi-Family
0
Businesses
28
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 1915
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 66548, Waterville, KS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 448 (100%) |
| Owner Occupied HU | 328 (73.2%) |
| Renter Occupied HU | 61 (13.6%) |
| Vacant Housing Units | 59 (13.2%) |
| Median Home Value | $112,121 |
| Average Home Value | $170,373 |
Housing Distribution
Address Breakdown
Residential
266
Single Family
266
Multi-Family
0
Businesses
28
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Jessica Leis • Midwest Land and Home
Mls Name: My State MLS
Mls ID: #11509820