223 N Ohio AveSylvan GroveKS67481
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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 Sylvan Grove at 223 N Ohio Ave, Sylvan Grove, KS, 67481 priced at $174,000 converts $1,148/mo rent into after a $852/mo obligation. Total monthly income equals $1,148/mo. Return on cash invested prints 19.7% in year one, and rental yield reads 7.92% against a $174,000 entry. Equity gained on principal adds $1,123/yr, while 5% annual appreciation compiles into $48,073 by year five. Five-year ROI reaches 102.43% and total cumulative return in cash sums $59,081. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,148/mo property income covering a $852/mo payment, not borrower’s personal income.
Single Family
Built in 1887
0.33 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 67481, Sylvan Grove, KS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 421 (100%) |
| Owner Occupied HU | 266 (63.2%) |
| Renter Occupied HU | 69 (16.4%) |
| Vacant Housing Units | 86 (20.4%) |
| Median Home Value | $205,063 |
| Average Home Value | $187,885 |
Housing Distribution
Address Breakdown
Residential
283
Single Family
283
Multi-Family
0
Businesses
30
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Listed by: Sean Petersen • Wildlife Properties Land Company, LLC
Mls Name: My State MLS
Mls ID: #11634638