1316 Derby AveSalinaKS67401
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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 Salina at 1316 Derby Ave, Salina, KS, 67401 uses $36,465 cash to close to unlock $1,819/yr annual cash flow and $152/mo monthly cash flow. Total monthly income runs $883/mo, and a $538/mo payment keeps the spread at $152/mo. Purchase price stands at $110,000, and rental yield measures 9.63% with $883/mo rent. Return on cash invested shows 24.9% in year one, and 5% annual appreciation builds toward $30,391 over five years. Five-year ROI reaches 130.25% and total cumulative return in cash records $47,496. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $883/mo property income covering a $538/mo payment rather than investor’s personal income.
Single Family
Built in 1960
7,410 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 67401, Salina, KS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 22,465 (100%) |
| Owner Occupied HU | 13,141 (58.5%) |
| Renter Occupied HU | 7,464 (33.2%) |
| Vacant Housing Units | 1,860 ( 8.3%) |
| Median Home Value | $197,113 |
| Average Home Value | $229,727 |
Housing Distribution
Address Breakdown
Residential
22,087
Single Family
20,528
Multi-Family
1,559
Businesses
1,809
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