250 S Mission Ridge AveColbyKS67701
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
Investment Highlights
Rental property for sale in Colby at 250 S Mission Ridge Ave, Colby, KS, 67701 priced at $158,000 converts $1,198/mo rent into $147/mo cash flow after a $773/mo obligation. Total monthly income equals $1,198/mo, and annual cash flow totals $1,766/yr on $52,377 invested. Return on cash invested prints 23.28% in year one, and rental yield reads 9.1% against a $158,000 entry. Equity gained on principal adds $1,020/yr, while 5% annual appreciation compiles into $43,652 by year five. Five-year ROI reaches 121.61% and total cumulative return in cash sums $63,694. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,198/mo property income covering a $773/mo payment, not borrower’s personal income.
Single Family
Built in 1972
6,250 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 67701, Colby, KS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,016 (100%) |
| Owner Occupied HU | 1,828 (60.6%) |
| Renter Occupied HU | 817 (27.1%) |
| Vacant Housing Units | 371 (12.3%) |
| Median Home Value | $188,189 |
| Average Home Value | $218,141 |
Housing Distribution
Address Breakdown
Residential
2,843
Single Family
2,755
Multi-Family
88
Businesses
602
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices