1705 N 6th StGarden CityKS67846
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
Investment Highlights
Investment property for sale in Garden City at 1705 N 6th St, Garden City, KS, 67846 uses $82,179 cash to close to unlock $3,661/yr annual cash flow and $305/mo monthly cash flow. Total monthly income runs $1,954/mo, and a $1,213/mo payment keeps the spread at $305/mo. Purchase price stands at $247,900, and rental yield measures 9.46% with $1,954/mo rent. Return on cash invested shows 24.36% in year one, and 5% annual appreciation builds toward $68,490 over five years. Five-year ROI reaches 127.37% and total cumulative return in cash records $104,675. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,954/mo property income covering a $1,213/mo payment rather than investor’s personal income.
Single Family
Built in 1955
8,407 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Janettah Stinemetz • MBA Real Estate
Mls Name: GCMLS, GARD
Mls Provider:
Mls ID: #100554
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.