215 W 6th StSolomonKS67480
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
Investment property for sale in Solomon at 215 W 6th St, Solomon, KS, 67480 offers a 9.05% rental yield on a $149,100 purchase with $1,124/mo rent. Total monthly income registers $1,124/mo, and a $730/mo payment leaves $128/mo available for distribution. Annual cash flow reaches $1,536/yr on $49,427 to close, and return on cash invested stands at 23.02% in year one. Equity gained on principal adds $962/yr while 5% annual appreciation supports $41,194 over five years. Portfolio math shows five-year ROI at 120.13% and total cumulative return in cash at $59,375. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,124/mo property income against a $730/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1910
0.52 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 67480, Solomon, KS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 717 (100%) |
| Owner Occupied HU | 524 (73.1%) |
| Renter Occupied HU | 134 (18.7%) |
| Vacant Housing Units | 59 ( 8.2%) |
| Median Home Value | $180,488 |
| Average Home Value | $229,461 |
Housing Distribution
Address Breakdown
Residential
619
Single Family
604
Multi-Family
15
Businesses
38
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