209 E 15th StConcordiaKS66901
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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 Concordia at 209 E 15th St, Concordia, KS, 66901 generates $787/mo in rent and, after a $489/mo payment, leaves $122/mo in cash flow. Total monthly income is $787/mo, and annual cash flow is $1,466/yr on $33,150 invested. Return on cash invested sits at 24.33% in year one, and rental yield is 9.44% on a $100,000 entry. Equity gained on principal adds $645/yr, while 5% annual appreciation builds toward $27,628 over five years. Five-year ROI reaches 127.32% and total cumulative return in cash sums $42,208. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $787/mo property income rather than buyer’s personal income.
Single Family
Built in 1954
8,712 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 66901, Concordia, KS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,027 (100%) |
| Owner Occupied HU | 1,671 (55.2%) |
| Renter Occupied HU | 819 (27.1%) |
| Vacant Housing Units | 537 (17.7%) |
| Median Home Value | $113,170 |
| Average Home Value | $147,044 |
Housing Distribution
Address Breakdown
Residential
2,734
Single Family
2,701
Multi-Family
33
Businesses
372
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