201 W Washington StArmaKS66712
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
Rental property for sale in Arma at 201 W Washington St, Arma, KS, 66712 offers $1,568/mo rent that, after a $563/mo payment, leaves $803/mo cash flow. Total monthly income is $1,568/mo, and annual cash flow is $9,633/yr on $38,123 cash. Return on cash invested measures 45.18% in year one, and rental yield stands at 16.36% at a $115,000 entry. Equity gained on principal adds $742/yr while 5% annual appreciation compounds into $31,772 by year five. Five-year ROI records 238.97% and total cumulative return in cash reaches $91,101. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,568/mo property income versus a $563/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1920
9,583 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 66712, Arma, KS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 992 (100%) |
| Owner Occupied HU | 620 (62.5%) |
| Renter Occupied HU | 269 (27.1%) |
| Vacant Housing Units | 103 (10.4%) |
| Median Home Value | $121,519 |
| Average Home Value | $152,310 |
Housing Distribution
Address Breakdown
Residential
644
Single Family
644
Multi-Family
0
Businesses
60
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