208 Grand AveGoodlandKS67735
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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 Goodland at 208 Grand Ave, Goodland, KS, 67735 priced at $140,000 converts $1,117/mo rent into $118/mo cash flow after a $685/mo obligation. Total monthly income equals $1,117/mo, and annual cash flow totals $1,415/yr on $46,410 invested. Return on cash invested prints 22.96% in year one, and rental yield reads 9.57% against a $140,000 entry. Equity gained on principal adds $903/yr, while 5% annual appreciation compiles into $38,679 by year five. Five-year ROI reaches 120.44% and total cumulative return in cash sums $55,894. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,117/mo property income covering a $685/mo payment, not borrower’s personal income.
Single Family
Built in 1979
7,000 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 67735, Goodland, KS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,655 (100%) |
| Owner Occupied HU | 1,487 (56.0%) |
| Renter Occupied HU | 715 (26.9%) |
| Vacant Housing Units | 453 (17.1%) |
| Median Home Value | $154,025 |
| Average Home Value | $176,907 |
Housing Distribution
Address Breakdown
Residential
2,473
Single Family
2,376
Multi-Family
97
Businesses
385
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