1340 E 8th 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 1340 E 8th St, Colby, KS, 67701 earns $797/mo cash flow from $2,285/mo rent with a $1,095/mo payment. Total monthly income totals $2,285/mo, and annual cash flow totals $9,560/yr on $74,157 capital. ROI tracks 32.8% on current figures, and rental yield reads 12.26% at a $223,700 purchase. Equity gained on principal adds $1,444/yr, and 5% annual appreciation supports $61,804 over five years. Five-year ROI reaches 172.59% and total cumulative return in cash sums $127,989. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,285/mo property income instead of your personal income.
Single Family
Built in 1974
10,454 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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