209 E Kay StLansingKS66043
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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
Investment property for sale in Lansing at 209 E Kay St, Lansing, KS, 66043 uses $51,217 cash to close to unlock $2,320/yr annual cash flow and $193/mo monthly cash flow. Total monthly income runs $1,221/mo, and a $756/mo payment keeps the spread at $193/mo. Purchase price stands at $154,500, and rental yield measures 9.48% with $1,221/mo rent. Return on cash invested shows 24.44% in year one, and 5% annual appreciation builds toward $42,686 over five years. Five-year ROI reaches 127.82% and total cumulative return in cash records $65,463. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,221/mo property income covering a $756/mo payment rather than investor’s personal income.
Single Family
Built in 1940
7,980 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 66043, Lansing, KS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,521 (100%) |
| Owner Occupied HU | 2,394 (68.0%) |
| Renter Occupied HU | 952 (27.0%) |
| Vacant Housing Units | 175 ( 5.0%) |
| Median Home Value | $313,636 |
| Average Home Value | $326,470 |
Housing Distribution
Address Breakdown
Residential
3,385
Single Family
3,266
Multi-Family
119
Businesses
246
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