1622 Summit StGarden 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 1622 Summit St, Garden City, KS, 67846 uses $72,897 cash to close to unlock $7,864/yr annual cash flow and $655/mo monthly cash flow. Total monthly income runs $2,118/mo, and a $1,076/mo payment keeps the spread at $655/mo. Purchase price stands at $219,900, and rental yield measures 11.56% with $2,118/mo rent. Return on cash invested shows 30.7% in year one, and 5% annual appreciation builds toward $60,754 over five years. Five-year ROI reaches 161.33% and total cumulative return in cash records $117,604. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,118/mo property income covering a $1,076/mo payment rather than investor’s personal income.
Single Family
Built in 1977
7,361 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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Listed by: Carmen Guzman • Home Town Real Estate P.A.
Mls Name: Kansas High Plains AOR
Mls ID: #100887