1204 8th StClay CenterKS67432
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeThe cash-flow margin at 1204 8th St, Clay Center, KS, 67432 in Clay Center is narrow, $110/mo net on $828/mo rent after the $485/mo debt service, but the property operates at break-even-plus, not a loss. At $107,900 with a 9.21% yield, the long-run equity case via 5% appreciation ($29,811 over five years) and $994/yr in principal paydown is where the returns accumulate. Ziffy Mortgage's 1.71 DSCR loan requires no W-2s or U.S. credit. Total projected cumulative return: $48,272.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 9.2% | 5.0% |
| Monthly Cash Flow | $110 | $300 |
City averages based on Clay Center market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $828 |
| Total Monthly Debt Service | $675 |
| DSCR Ratio | 1.23x |
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 1916
0.26 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 67432, Clay Center, KS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,836 (100%) |
| Owner Occupied HU | 1,775 (62.6%) |
| Renter Occupied HU | 627 (22.1%) |
| Vacant Housing Units | 434 (15.3%) |
| Median Home Value | $152,939 |
| Average Home Value | $172,686 |
Housing Distribution
Address Breakdown
Residential
2,595
Single Family
2,459
Multi-Family
136
Businesses
316
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 1916
0.26 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 67432, Clay Center, KS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,836 (100%) |
| Owner Occupied HU | 1,775 (62.6%) |
| Renter Occupied HU | 627 (22.1%) |
| Vacant Housing Units | 434 (15.3%) |
| Median Home Value | $152,939 |
| Average Home Value | $172,686 |
Housing Distribution
Address Breakdown
Residential
2,595
Single Family
2,459
Multi-Family
136
Businesses
316
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Tracy Jones • Tracy Jones Realty
Mls Name: FHARMLS
Mls ID: #20260166