201 W 1st StWashingtonKS66968
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeTight but positive: 201 W 1st St, Washington, KS, 66968 in Washington at $179,900 earns $1,370/mo in rent and nets $173/mo after the $809/mo payment, a 9.14% yield with limited short-term income headroom. The equity story offsets the thin monthly spread: 5% annual appreciation adds $49,703 over five years. Ziffy Mortgage underwrites this on a 1.69 DSCR without U.S. credit history. With $1,657/yr in principal paydown, total projected return reaches $79,738.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 9.1% | 7.5% |
| Monthly Cash Flow | $173 | $450 |
City averages based on Washington market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,370 |
| Total Monthly Debt Service | $1,125 |
| DSCR Ratio | 1.22x |
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 1883
0.45 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 66968, Washington, KS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 767 (100%) |
| Owner Occupied HU | 508 (66.2%) |
| Renter Occupied HU | 155 (20.2%) |
| Vacant Housing Units | 104 (13.6%) |
| Median Home Value | $111,058 |
| Average Home Value | $183,179 |
Housing Distribution
Address Breakdown
Residential
672
Single Family
672
Multi-Family
0
Businesses
128
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 1883
0.45 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 66968, Washington, KS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 767 (100%) |
| Owner Occupied HU | 508 (66.2%) |
| Renter Occupied HU | 155 (20.2%) |
| Vacant Housing Units | 104 (13.6%) |
| Median Home Value | $111,058 |
| Average Home Value | $183,179 |
Housing Distribution
Address Breakdown
Residential
672
Single Family
672
Multi-Family
0
Businesses
128
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Darcy Smith • Matlock Johnson LLC
Mls Name: FHARMLS
Mls ID: #20252788