248 Us Highway 56Council GroveKS66846
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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
Investment property for sale in Council Grove at 248 Us Highway 56, Council Grove, KS, 66846 uses $59,637 cash to close to unlock $2,168/yr annual cash flow and $181/mo monthly cash flow. Total monthly income runs $1,378/mo, and a $881/mo payment keeps the spread at $181/mo. Purchase price stands at $179,900, and rental yield measures 9.19% with $1,378/mo rent. Return on cash invested shows 23.54% in year one, and 5% annual appreciation builds toward $49,703 over five years. Five-year ROI reaches 122.96% and total cumulative return in cash records $73,329. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,378/mo property income covering a $881/mo payment rather than investor’s personal income.
Single Family
Built in 1900
3.60 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 66846, Council Grove, KS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,954 (100%) |
| Owner Occupied HU | 1,046 (53.5%) |
| Renter Occupied HU | 371 (19.0%) |
| Vacant Housing Units | 537 (27.5%) |
| Median Home Value | $138,487 |
| Average Home Value | $171,348 |
Housing Distribution
Address Breakdown
Residential
1,620
Single Family
1,563
Multi-Family
57
Businesses
224
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Listed by: Juanita Nittler • Lakeside Properties
Mls Name: FHARMLS
Mls Provider:
Mls ID: #20242857
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.