1248 2nd StPhillipsburgKS67661
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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 Phillipsburg at 1248 2nd St, Phillipsburg, KS, 67661 uses $39,614 cash to close to unlock $1,319/yr annual cash flow and $110/mo monthly cash flow. Total monthly income runs $905/mo, and a $585/mo payment keeps the spread at $110/mo. Purchase price stands at $119,500, and rental yield measures 9.09% with $905/mo rent. Return on cash invested shows 23.24% in year one, and 5% annual appreciation builds toward $33,016 over five years. Five-year ROI reaches 121.31% and total cumulative return in cash records $48,054. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $905/mo property income covering a $585/mo payment rather than investor’s personal income.
Single Family
Built in 1920
0.31 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 67661, Phillipsburg, KS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,676 (100%) |
| Owner Occupied HU | 1,010 (60.3%) |
| Renter Occupied HU | 367 (21.9%) |
| Vacant Housing Units | 299 (17.8%) |
| Median Home Value | $104,703 |
| Average Home Value | $155,842 |
Housing Distribution
Address Breakdown
Residential
1,424
Single Family
1,421
Multi-Family
3
Businesses
221
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Listed by: Jessica Hindman • 4C Land & Auction, LLC
Mls Name: My State MLS
Mls ID: #11284495