2215 265th RdFormosoKS66942
INVESTMENT ANALYSIS
Investment Verdict
Appreciation PlayInvestors who prioritise long-run asset value over immediate income should consider 2215 265th Rd, Formoso, KS, 66942 in Formoso. Rental yield 4.17%. At $285,000 with 4.17% gross yield, current distributions are modest, but the 5% appreciation rate projects $78,740 in new equity by year five, complemented by $2,625/yr in principal paydown. Ziffy Mortgage's DSCR loan (0.77) allows non-U.S. residents to acquire without W-2s or domestic credit. Total projected five-year cumulative return: $50,327.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 4.2% | 8.0% |
| Monthly Cash Flow | $(906) | $400 |
City averages based on Formoso market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $990 |
| Total Monthly Debt Service | $1,783 |
| DSCR Ratio | 0.56x |
Ziffy Mortgage typically prefers a DSCR of 1.0+, but in some cases you may qualify with a DSCR below 1. To explore if this deal qualifies for an investment mortgage, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 1880
59.90 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 66942, Formoso, KS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 95 (100%) |
| Owner Occupied HU | 67 (70.5%) |
| Renter Occupied HU | 7 ( 7.4%) |
| Vacant Housing Units | 21 (22.1%) |
| Median Home Value | $49,500 |
| Average Home Value | $124,813 |
Housing Distribution
Address Breakdown
Residential
93
Single Family
93
Multi-Family
0
Businesses
4
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
Single Family
Built in 1880
59.90 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 66942, Formoso, KS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 95 (100%) |
| Owner Occupied HU | 67 (70.5%) |
| Renter Occupied HU | 7 ( 7.4%) |
| Vacant Housing Units | 21 (22.1%) |
| Median Home Value | $49,500 |
| Average Home Value | $124,813 |
Housing Distribution
Address Breakdown
Residential
93
Single Family
93
Multi-Family
0
Businesses
4
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Deborah Warne • Warne Real Estate
Mls Name: SCKMLS
Mls ID: #649002
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