116 N Fairview AveLucasKS67648
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
Investment Highlights
Rental property for sale in Lucas at 116 N Fairview Ave, Lucas, KS, 67648 priced at $230,400 pairs $2,177/mo rent with $642/mo cash flow after a $1,128/mo payment. Total monthly income equals $2,177/mo, and annual cash flow comes to $7,701/yr on $76,378 invested. Return on cash invested is 29.99% in year one, and rental yield stands at 11.34% on a $230,400 basis. Equity gained on principal adds $1,487/yr, and 5% annual appreciation accumulates to $63,655 by year five. Five-year ROI measures 157.54% and total cumulative return in cash reaches $120,324. For financing, Ziffy Mortgage’s DSCR program evaluates $2,177/mo property income against a $1,128/mo payment instead of your W2s, 1099s, or Tax returns.
Manufactured
Built in 2001
0.47 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 67648, Lucas, KS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 306 (100%) |
| Owner Occupied HU | 182 (59.5%) |
| Renter Occupied HU | 35 (11.4%) |
| Vacant Housing Units | 89 (29.1%) |
| Median Home Value | $77,143 |
| Average Home Value | $133,901 |
Housing Distribution
Address Breakdown
Residential
149
Single Family
149
Multi-Family
0
Businesses
38
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