2517 Melencamp AveDodge CityKS67801
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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 Dodge City at 2517 Melencamp Ave, Dodge City, KS, 67801 generates $1,894/mo in rent and, after a $1,268/mo payment, leaves $171/mo in cash flow. Total monthly income is $1,894/mo, and annual cash flow is $2,047/yr on $85,859 invested. Return on cash invested sits at 22.29% in year one, and rental yield is 8.78% on a $259,000 entry. Equity gained on principal adds $1,671/yr, while 5% annual appreciation builds toward $71,557 over five years. Five-year ROI reaches 116.25% and total cumulative return in cash sums $99,808. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,894/mo property income rather than buyer’s personal income.
Single Family
Built in 1960
7,571 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 67801, Dodge City, KS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,408 (100%) |
| Owner Occupied HU | 6,209 (54.4%) |
| Renter Occupied HU | 4,091 (35.9%) |
| Vacant Housing Units | 1,108 ( 9.7%) |
| Median Home Value | $172,202 |
| Average Home Value | $239,864 |
Housing Distribution
Address Breakdown
Residential
11,104
Single Family
10,550
Multi-Family
554
Businesses
1,296
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Listed by: Jolee Chris Coles • Re/max Villa
Mls Name: Dodge City BOR
Mls ID: #15008