237 S 3rd StClearwaterKS67026
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeThe 8.96% yield at 237 S 3rd St, Clearwater, KS, 67026 in Clearwater is solid, but the $863/mo payment compresses net cash flow to $157/mo at $192,000. This is a tight-spread property, income covers debt, with little cushion. For investors who can optimise occupancy, the upside is real: 5% annual appreciation adds $53,046 by year five, and $1,768/yr in loan paydown builds equity. Ziffy Mortgage qualifies this via DSCR (1.66) without U.S. income documentation. Total projected return: $83,328.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 9% | 6.0% |
| Monthly Cash Flow | $157 | $250 |
City averages based on Clearwater market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,434 |
| Total Monthly Debt Service | $1,201 |
| DSCR Ratio | 1.19x |
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 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 1956
0.30 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 67026, Clearwater, KS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,918 (100%) |
| Owner Occupied HU | 1,486 (77.5%) |
| Renter Occupied HU | 327 (17.0%) |
| Vacant Housing Units | 105 ( 5.5%) |
| Median Home Value | $305,185 |
| Average Home Value | $331,248 |
Housing Distribution
Address Breakdown
Residential
1,833
Single Family
1,681
Multi-Family
152
Businesses
118
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 1956
0.30 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 67026, Clearwater, KS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,918 (100%) |
| Owner Occupied HU | 1,486 (77.5%) |
| Renter Occupied HU | 327 (17.0%) |
| Vacant Housing Units | 105 ( 5.5%) |
| Median Home Value | $305,185 |
| Average Home Value | $331,248 |
Housing Distribution
Address Breakdown
Residential
1,833
Single Family
1,681
Multi-Family
152
Businesses
118
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Erika Head • Better Homes & Gardens Real Estate Wostal Realty
Mls Name: SCKMLS
Mls ID: #665134