1500 Lakin AveGreat BendKS67530
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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
Rental property for sale in Great Bend at 1500 Lakin Ave, Great Bend, KS, 67530 priced at $235,000 converts $834/mo rent into after a $1,150/mo obligation. Total monthly income equals $834/mo. Return on cash invested prints 8.68% in year one, and rental yield reads 4.26% against a $235,000 entry. Equity gained on principal adds $1,516/yr, while 5% annual appreciation compiles into $64,926 by year five. Five-year ROI reaches 43.21% and total cumulative return in cash sums $33,664. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $834/mo property income covering a $1,150/mo payment, not borrower’s personal income.
Single Family
Built in 1910
9,000 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 67530, Great Bend, KS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,618 (100%) |
| Owner Occupied HU | 4,853 (56.3%) |
| Renter Occupied HU | 2,582 (30.0%) |
| Vacant Housing Units | 1,183 (13.7%) |
| Median Home Value | $158,062 |
| Average Home Value | $174,539 |
Housing Distribution
Address Breakdown
Residential
7,853
Single Family
7,508
Multi-Family
345
Businesses
995
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Listed by: Dana McVay • Burton Real Estate
Mls Name: Western Kansas AOR
Mls Provider:
Mls ID: #204097
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.