220 E 8th StAlmaKS66401
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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 Alma at 220 E 8th St, Alma, KS, 66401 uses $59,637 cash to close to unlock $2,600/yr annual cash flow and $217/mo monthly cash flow. Total monthly income runs $1,414/mo, and a $881/mo payment keeps the spread at $217/mo. Purchase price stands at $179,900, and rental yield measures 9.43% with $1,414/mo rent. Return on cash invested shows 24.27% in year one, and 5% annual appreciation builds toward $49,703 over five years. Five-year ROI reaches 126.86% and total cumulative return in cash records $75,657. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,414/mo property income covering a $881/mo payment rather than investor’s personal income.
Single Family
Built in 1900
0.48 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 66401, Alma, KS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 970 (100%) |
| Owner Occupied HU | 620 (63.9%) |
| Renter Occupied HU | 127 (13.1%) |
| Vacant Housing Units | 223 (23.0%) |
| Median Home Value | $164,394 |
| Average Home Value | $225,742 |
Housing Distribution
Address Breakdown
Residential
637
Single Family
637
Multi-Family
0
Businesses
63
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Listed by: Amy Ketchum-McGhee • K.W. One Legacy Partners
Mls Name: FHARMLS
Mls Provider:
Mls ID: #20250823
Disclaimer: IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Listing information is deemed reliable, but not guaranteed.