260 W Cedar StColbyKS67701
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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 Colby at 260 W Cedar St, Colby, KS, 67701 with 5% annual appreciation on a $115,000 basis while $1,097/mo rent supports operations. Total monthly income totals $1,097/mo and a $563/mo payment preserves $332/mo for cash returns. Annual cash flow comes to $3,981/yr on $38,123 deployed, and return on cash invested reaches 30.35% in year one. Equity gained on principal adds $742/yr, and five-year appreciation sums $31,772 alongside rental yield of 11.45%. Five-year ROI measures 159.46% and total cumulative return in cash totals $60,789.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,097/mo property income versus a $563/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1955
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
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