1201 E Spruce StGarden CityKS67846
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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
Rental property for sale in Garden City at 1201 E Spruce St, Garden City, KS, 67846 generates $2,753/mo in rent and, after a $1,615/mo payment, leaves $558/mo in cash flow. Total monthly income is $2,753/mo, and annual cash flow is $6,693/yr on $109,395 invested. Return on cash invested sits at 26.03% in year one, and rental yield is 10.01% on a $330,000 entry. Equity gained on principal adds $2,129/yr, while 5% annual appreciation builds toward $91,173 over five years. Five-year ROI reaches 136.25% and total cumulative return in cash sums $149,051. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,753/mo property income rather than buyer’s personal income.
Single Family
Built in 1976
0.26 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 67846, Garden City, KS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,216 (100%) |
| Owner Occupied HU | 7,551 (57.1%) |
| Renter Occupied HU | 4,505 (34.1%) |
| Vacant Housing Units | 1,160 ( 8.8%) |
| Median Home Value | $220,198 |
| Average Home Value | $253,183 |
Housing Distribution
Address Breakdown
Residential
12,610
Single Family
11,904
Multi-Family
706
Businesses
1,517
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Listed by: Terria M Judge • Home Town Real Estate P.A.
Mls Name: GCMLS, GARD
Mls ID: #100689