2302 8th StClay CenterKS67432
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeInvestors who value predictability will appreciate 2302 8th St, Clay Center, KS, 67432 in Clay Center. At $370,000 it earns $3,070/mo in rent and distributes $608/mo to the owner after the $1,754/mo payment, a consistent 9.96% yield. DSCR 1.75 clears Ziffy Mortgage's income-only underwriting standard. Over five years, 5% annual appreciation adds $102,224 in value; $3,102/yr in principal paydown compounds ownership stake. Total projected return: $173,270.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 10% | 5.0% |
| Monthly Cash Flow | $608 | $300 |
City averages based on Clay Center market data in our database. Property projections are estimates.
DSCR Rental Loan Qualification
Qualifies using the property's rental income, not your personal income.
- ✓No W-2, pay stubs, or tax returns needed
- ✓Rental income qualifies you
- ✓Built for real estate investors
| Monthly Rental Income | $3,070 |
| Total Monthly Debt Service | $2,405 |
| DSCR Ratio | 1.28x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.5% rate / 30-yr fixed, 25% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 2003
0.32 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 67432, Clay Center, KS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,836 (100%) |
| Owner Occupied HU | 1,775 (62.6%) |
| Renter Occupied HU | 627 (22.1%) |
| Vacant Housing Units | 434 (15.3%) |
| Median Home Value | $152,939 |
| Average Home Value | $172,686 |
Housing Distribution
Address Breakdown
Residential
2,595
Single Family
2,459
Multi-Family
136
Businesses
316
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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
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Nearby investment properties with comparable prices
Listed by: Julia Stone • Platinum Group Realtors, LLC
Mls Name: FHARMLS
Mls Provider:
Mls ID: #20242350
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.
