1605 Mikes DrGarden CityKS67846
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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 Garden City at 1605 Mikes Dr, Garden City, KS, 67846 uses $95,472 cash to close to unlock $6,787/yr annual cash flow and $566/mo monthly cash flow. Total monthly income runs $2,482/mo, and a $1,410/mo payment keeps the spread at $566/mo. Purchase price stands at $288,000, and rental yield measures 10.34% with $2,482/mo rent. Return on cash invested shows 27.02% in year one, and 5% annual appreciation builds toward $79,569 over five years. Five-year ROI reaches 141.59% and total cumulative return in cash records $135,180. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,482/mo property income covering a $1,410/mo payment rather than investor’s personal income.
Single Family
Built in 1969
10,019 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 67846, Garden City, KS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,216 (100%) |
| Owner Occupied HU | 7,551 (57.1%) |
| Renter Occupied HU | 4,505 (34.1%) |
| Vacant Housing Units | 1,160 ( 8.8%) |
| Median Home Value | $220,198 |
| Average Home Value | $253,183 |
Housing Distribution
Address Breakdown
Residential
12,610
Single Family
11,904
Multi-Family
706
Businesses
1,517
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