1215 W 3rd StColbyKS67701
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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 Colby at 1215 W 3rd St, Colby, KS, 67701 offers a 14.87% rental yield on a $101,780 purchase with $1,261/mo rent. Total monthly income registers $1,261/mo, and a $498/mo payment leaves $556/mo available for distribution. Annual cash flow reaches $6,673/yr on $33,740 to close, and return on cash invested stands at 39.69% in year one. Equity gained on principal adds $657/yr while 5% annual appreciation supports $28,120 over five years. Portfolio math shows five-year ROI at 210.01% and total cumulative return in cash at $70,859. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,261/mo property income against a $498/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1932
9,583 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 67701, Colby, KS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,016 (100%) |
| Owner Occupied HU | 1,828 (60.6%) |
| Renter Occupied HU | 817 (27.1%) |
| Vacant Housing Units | 371 (12.3%) |
| Median Home Value | $188,189 |
| Average Home Value | $218,141 |
Housing Distribution
Address Breakdown
Residential
2,843
Single Family
2,755
Multi-Family
88
Businesses
602
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