187 2nd StPhillipsburgKS67661
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash Flow187 2nd St, Phillipsburg, KS, 67661 in Phillipsburg is a solid income-producing rental, 10.25% gross yield, $1,217/mo rent, $269/mo net cash flow on a $142,500 buy. DSCR 1.90 qualifies the property for Ziffy Mortgage's financing without personal income documentation. Five-year appreciation of $39,370 and $1,312/yr in principal reduction project a total cumulative return of $71,657.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 10.3% | 8.0% |
| Monthly Cash Flow | $269 | $450 |
City averages based on Phillipsburg market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,217 |
| Total Monthly Debt Service | $891 |
| DSCR Ratio | 1.37x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, 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 1935
10,500 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 67661, Phillipsburg, KS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,676 (100%) |
| Owner Occupied HU | 1,010 (60.3%) |
| Renter Occupied HU | 367 (21.9%) |
| Vacant Housing Units | 299 (17.8%) |
| Median Home Value | $104,703 |
| Average Home Value | $155,842 |
Housing Distribution
Address Breakdown
Residential
1,424
Single Family
1,421
Multi-Family
3
Businesses
221
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 1935
10,500 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 67661, Phillipsburg, KS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,676 (100%) |
| Owner Occupied HU | 1,010 (60.3%) |
| Renter Occupied HU | 367 (21.9%) |
| Vacant Housing Units | 299 (17.8%) |
| Median Home Value | $104,703 |
| Average Home Value | $155,842 |
Housing Distribution
Address Breakdown
Residential
1,424
Single Family
1,421
Multi-Family
3
Businesses
221
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Jessica Hindman • 4C Land & Auction, LLC
Mls Name: My State MLS
Mls ID: #11176686