1418 N Meridian RdPeckKS67120
INVESTMENT ANALYSIS
Investment Verdict
Appreciation PlayYield and appreciation often trade off, and at 1418 N Meridian Rd, Peck, KS, 67120 in Peck the bet is firmly on appreciation. Rental yield 5.65%. The 5.65% gross yield on a $425,000 price is below income-first thresholds, but 5%/yr value growth projects $117,420 in equity by year five. Ziffy Mortgage's non-U.S. DSCR mortgage (1.05) finances the acquisition on rental income alone. A larger down payment (30–35%) reduces monthly debt service and tightens the spread. Total projected cumulative return: $108,911.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 5.7% | 7.5% |
| Monthly Cash Flow | $(826) | $300 |
City averages based on Peck market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,002 |
| Total Monthly Debt Service | $2,658 |
| DSCR Ratio | 0.75x |
Ziffy Mortgage typically prefers a DSCR of 1.0+, but in some cases you may qualify with a DSCR below 1. To explore if this deal qualifies for an investment mortgage, 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 1966
0.90 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 67120, Peck, KS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 573 (100%) |
| Owner Occupied HU | 490 (85.5%) |
| Renter Occupied HU | 54 ( 9.4%) |
| Vacant Housing Units | 29 ( 5.1%) |
| Median Home Value | $233,083 |
| Average Home Value | $263,342 |
Housing Distribution
Address Breakdown
Residential
497
Single Family
497
Multi-Family
0
Businesses
12
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 1966
0.90 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 67120, Peck, KS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 573 (100%) |
| Owner Occupied HU | 490 (85.5%) |
| Renter Occupied HU | 54 ( 9.4%) |
| Vacant Housing Units | 29 ( 5.1%) |
| Median Home Value | $233,083 |
| Average Home Value | $263,342 |
Housing Distribution
Address Breakdown
Residential
497
Single Family
497
Multi-Family
0
Businesses
12
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices