2315 Highway 183PlainvilleKS67663
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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 Plainville at 2315 Highway 183, Plainville, KS, 67663 generates $1,438/mo in rent and, after a $925/mo payment, leaves $181/mo in cash flow. Total monthly income is $1,438/mo, and annual cash flow is $2,168/yr on $62,654 invested. Return on cash invested sits at 23.37% in year one, and rental yield is 9.13% on a $189,000 entry. Equity gained on principal adds $1,220/yr, while 5% annual appreciation builds toward $52,217 over five years. Five-year ROI reaches 122% and total cumulative return in cash sums $76,438. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,438/mo property income rather than buyer’s personal income.
Single Family
Built in 1946
4.20 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 67663, Plainville, KS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,243 (100%) |
| Owner Occupied HU | 781 (62.8%) |
| Renter Occupied HU | 263 (21.2%) |
| Vacant Housing Units | 199 (16.0%) |
| Median Home Value | $120,991 |
| Average Home Value | $157,785 |
Housing Distribution
Address Breakdown
Residential
1,077
Single Family
1,064
Multi-Family
13
Businesses
132
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Listed by: Sharrah Marshall • Platinum Group
Mls Name: HAYS
Mls Provider:
Mls ID: #203845
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.