116 W 2nd StWashingtonKS66968
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeInvestors who treat current yield as secondary to long-run equity growth will find 116 W 2nd St, Washington, KS, 66968 in Washington worth modelling. At $155,000 with a 9.03% gross yield, the $1,166/mo rent leaves $135/mo after the $697/mo payment, sufficient to cover costs, modest in distribution. Ziffy Mortgage's 1.67 DSCR loan can finance the acquisition without personal income documentation. Appreciation of 5%/yr is projected to add $42,824 by year five; $1,428/yr in principal reduction adds further equity. Total projected return: $67,794.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 9% | 7.5% |
| Monthly Cash Flow | $135 | $450 |
City averages based on Washington market data in our database. Property projections are estimates.
DSCR Rental Loan Qualification
Qualifies using the property's rental income, not your personal income.
- ✓No W-2, pay stubs, or tax returns needed
- ✓Rental income qualifies you
- ✓Built for real estate investors
| Monthly Rental Income | $1,166 |
| Total Monthly Debt Service | $970 |
| DSCR Ratio | 1.20x |
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 1958
0.45 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 66968, Washington, KS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 767 (100%) |
| Owner Occupied HU | 508 (66.2%) |
| Renter Occupied HU | 155 (20.2%) |
| Vacant Housing Units | 104 (13.6%) |
| Median Home Value | $111,058 |
| Average Home Value | $183,179 |
Housing Distribution
Address Breakdown
Residential
672
Single Family
672
Multi-Family
0
Businesses
128
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 1958
0.45 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 66968, Washington, KS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 767 (100%) |
| Owner Occupied HU | 508 (66.2%) |
| Renter Occupied HU | 155 (20.2%) |
| Vacant Housing Units | 104 (13.6%) |
| Median Home Value | $111,058 |
| Average Home Value | $183,179 |
Housing Distribution
Address Breakdown
Residential
672
Single Family
672
Multi-Family
0
Businesses
128
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: N/A • N/A
Mls Name: GPRMLS
Mls ID: #22620236