203 W Elm StDodge CityKS67801
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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 Dodge City at 203 W Elm St, Dodge City, KS, 67801 priced at $179,000 converts $1,228/mo rent into $37/mo cash flow after a $876/mo obligation. Total monthly income equals $1,228/mo, and annual cash flow totals $447/yr on $59,339 invested. Return on cash invested prints 20.66% in year one, and rental yield reads 8.23% against a $179,000 entry. Equity gained on principal adds $1,155/yr, while 5% annual appreciation compiles into $49,454 by year five. Five-year ROI reaches 107.55% and total cumulative return in cash sums $63,819. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,228/mo property income covering a $876/mo payment, not borrower’s personal income.
Single Family
Built in 1925
2,291 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 67801, Dodge City, KS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,408 (100%) |
| Owner Occupied HU | 6,209 (54.4%) |
| Renter Occupied HU | 4,091 (35.9%) |
| Vacant Housing Units | 1,108 ( 9.7%) |
| Median Home Value | $172,202 |
| Average Home Value | $239,864 |
Housing Distribution
Address Breakdown
Residential
11,104
Single Family
10,550
Multi-Family
554
Businesses
1,296
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Listed by: Maria L Sanchez • Hobbs Realty
Mls Name: Dodge City BOR
Mls ID: #14901
Disclaimer: Copyright Dodge City Board of Realtors. All rights reserved. Information is deemed reliable but not guaranteed.