210 S 3rd 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 210 S 3rd St, Arma, KS, 66712 priced at $115,000 converts $917/mo rent into $152/mo cash flow after a $563/mo obligation. Total monthly income equals $917/mo, and annual cash flow totals $1,821/yr on $38,123 invested. Return on cash invested prints 24.69% in year one, and rental yield reads 9.57% against a $115,000 entry. Equity gained on principal adds $742/yr, while 5% annual appreciation compiles into $31,772 by year five. Five-year ROI reaches 129.08% and total cumulative return in cash sums $49,209. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $917/mo property income covering a $563/mo payment, not borrower’s personal income.
Single Family
Built in 1930
7,500 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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Nearby investment properties with comparable prices
Listed by: Ashlee Ricks • ReeceNichols Sunflower Realty Group
Mls Name: HKMMLS as distributed by MLS GRID
Mls Provider:
Mls ID: #2518486
Disclaimer: Based on information submitted to the MLS GRID as of 2024-01-26 09:44:00 PST. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website. Prices displayed on all Sold listings are the Last Known Listing Price and may not be the actual selling price. [Click here for more information](/info/mls-disclaimers/#mls_45) Listing Information presented by local MLS brokerage: Zillow, Inc., local REALTOR- Terry York - (913) 213-6604