218 S Goering AveMoundridgeKS67107
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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 Moundridge at 218 S Goering Ave, Moundridge, KS, 67107 priced at $197,400 converts $1,958/mo rent into $645/mo cash flow after a $966/mo obligation. Total monthly income equals $1,958/mo, and annual cash flow totals $7,739/yr on $65,438 invested. Return on cash invested prints 31.74% in year one, and rental yield reads 11.9% against a $197,400 entry. Equity gained on principal adds $1,274/yr, while 5% annual appreciation compiles into $54,538 by year five. Five-year ROI reaches 166.87% and total cumulative return in cash sums $109,196. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,958/mo property income covering a $966/mo payment, not borrower’s personal income.
Single Family
Built in 1946
0.30 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 67107, Moundridge, KS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,336 (100%) |
| Owner Occupied HU | 914 (68.4%) |
| Renter Occupied HU | 300 (22.5%) |
| Vacant Housing Units | 122 ( 9.1%) |
| Median Home Value | $215,108 |
| Average Home Value | $252,051 |
Housing Distribution
Address Breakdown
Residential
937
Single Family
921
Multi-Family
16
Businesses
98
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