117-115 E 3rd StBird CityKS67731
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeSolid fundamentals define the investment case at 117-115 E 3rd St, Bird City, KS, 67731 in Bird City: $3,673/mo in rent, $513/mo in net income, 9.28% gross yield, 1.72 DSCR, all at $475,000. Ziffy Mortgage's DSCR mortgage qualifies using the property's income alone, clearing approval without U.S. residency or credit. Five-year equity from $131,234 in appreciation and $4,375/yr in principal paydown projects total cumulative return of $214,082.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 9.3% | 6.0% |
| Monthly Cash Flow | $513 | $5,000 |
City averages based on Bird City market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $3,673 |
| Total Monthly Debt Service | $2,971 |
| DSCR Ratio | 1.24x |
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.
Multi Family
Built in 2012
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 67731, Bird City, KS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 383 (100%) |
| Owner Occupied HU | 200 (52.2%) |
| Renter Occupied HU | 82 (21.4%) |
| Vacant Housing Units | 101 (26.4%) |
| Median Home Value | $119,444 |
| Average Home Value | $150,900 |
Housing Distribution
Address Breakdown
Residential
96
Single Family
96
Multi-Family
0
Businesses
42
Nearby investment properties with comparable rents
No similar rental properties found nearby.
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
Multi Family
Built in 2012
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 67731, Bird City, KS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 383 (100%) |
| Owner Occupied HU | 200 (52.2%) |
| Renter Occupied HU | 82 (21.4%) |
| Vacant Housing Units | 101 (26.4%) |
| Median Home Value | $119,444 |
| Average Home Value | $150,900 |
Housing Distribution
Address Breakdown
Residential
96
Single Family
96
Multi-Family
0
Businesses
42
Nearby investment properties with comparable rents
No similar rental properties found nearby.
Nearby investment properties with comparable prices
Listed by: Debbie S. Reed • Hayden Outdoors
Mls Name: Goodland Property Ads
Mls ID: #16606
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.