120 W 3rd StTonganoxieKS66086
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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
Investment property for sale in Tonganoxie at 120 W 3rd St, Tonganoxie, KS, 66086 uses $65,969 cash to close to unlock $2,473/yr annual cash flow and $206/mo monthly cash flow. Total monthly income runs $1,530/mo, and a $974/mo payment keeps the spread at $206/mo. Purchase price stands at $199,000, and rental yield measures 9.23% with $1,530/mo rent. Return on cash invested shows 23.66% in year one, and 5% annual appreciation builds toward $54,980 over five years. Five-year ROI reaches 123.63% and total cumulative return in cash records $81,558. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,530/mo property income covering a $974/mo payment rather than investor’s personal income.
Single Family
Built in 1910
10,040 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 66086, Tonganoxie, KS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,546 (100%) |
| Owner Occupied HU | 3,554 (78.2%) |
| Renter Occupied HU | 802 (17.6%) |
| Vacant Housing Units | 190 ( 4.2%) |
| Median Home Value | $322,334 |
| Average Home Value | $372,297 |
Housing Distribution
Address Breakdown
Residential
4,221
Single Family
4,173
Multi-Family
48
Businesses
203
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Listed by: Tiffani Rose • Platinum Realty LLC
Mls Name: Heartland MLS as distributed by MLS GRID
Mls ID: #2565730