2620 W Ridge DrEmporiaKS66801
INVESTMENT ANALYSIS
Investment Verdict
Appreciation PlayYield and appreciation often trade off, and at 2620 W Ridge Dr, Emporia, KS, 66801 in Emporia the bet is firmly on appreciation. Rental yield 5.16%. The 5.16% gross yield on a $349,000 price is below income-first thresholds, but 5%/yr value growth projects $96,422 in equity by year five. Ziffy Mortgage's non-U.S. DSCR mortgage (0.96) finances the acquisition on rental income alone. A larger down payment (30–35%) reduces monthly debt service and tightens the spread. Total projected cumulative return: $80,198.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 5.2% | 7.2% |
| Monthly Cash Flow | $(822) | $450 |
City averages based on Emporia market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,500 |
| Total Monthly Debt Service | $2,183 |
| DSCR Ratio | 0.69x |
Ziffy Mortgage typically prefers a DSCR of 1.0+, but in some cases you may qualify with a DSCR below 1. To explore if this deal qualifies for an investment mortgage, 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 1990
8,712 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 66801, Emporia, KS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,957 (100%) |
| Owner Occupied HU | 6,495 (50.1%) |
| Renter Occupied HU | 4,805 (37.1%) |
| Vacant Housing Units | 1,657 (12.8%) |
| Median Home Value | $165,599 |
| Average Home Value | $212,110 |
Housing Distribution
Address Breakdown
Residential
12,141
Single Family
11,190
Multi-Family
951
Businesses
1,079
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 1990
8,712 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 66801, Emporia, KS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,957 (100%) |
| Owner Occupied HU | 6,495 (50.1%) |
| Renter Occupied HU | 4,805 (37.1%) |
| Vacant Housing Units | 1,657 (12.8%) |
| Median Home Value | $165,599 |
| Average Home Value | $212,110 |
Housing Distribution
Address Breakdown
Residential
12,141
Single Family
11,190
Multi-Family
951
Businesses
1,079
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices