300 W Washington AveMedicine LodgeKS67104
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeTight but positive: 300 W Washington Ave, Medicine Lodge, KS, 67104 in Medicine Lodge at $124,000 earns $988/mo in rent and nets $163/mo after the $558/mo payment, a 9.56% yield with limited short-term income headroom. The equity story offsets the thin monthly spread: 5% annual appreciation adds $34,259 over five years. Ziffy Mortgage underwrites this on a 1.77 DSCR without U.S. credit history. With $1,142/yr in principal paydown, total projected return reaches $57,734.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 9.6% | 6.0% |
| Monthly Cash Flow | $163 | $350 |
City averages based on Medicine Lodge market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $988 |
| Total Monthly Debt Service | $776 |
| DSCR Ratio | 1.27x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, 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 1941
10,454 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 67104, Medicine Lodge, KS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,311 (100%) |
| Owner Occupied HU | 727 (55.5%) |
| Renter Occupied HU | 267 (20.4%) |
| Vacant Housing Units | 317 (24.2%) |
| Median Home Value | $93,750 |
| Average Home Value | $118,177 |
Housing Distribution
Address Breakdown
Residential
994
Single Family
952
Multi-Family
42
Businesses
174
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 1941
10,454 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 67104, Medicine Lodge, KS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,311 (100%) |
| Owner Occupied HU | 727 (55.5%) |
| Renter Occupied HU | 267 (20.4%) |
| Vacant Housing Units | 317 (24.2%) |
| Median Home Value | $93,750 |
| Average Home Value | $118,177 |
Housing Distribution
Address Breakdown
Residential
994
Single Family
952
Multi-Family
42
Businesses
174
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Diane L Davis • CENTURY 21 GRIGSBY REALTY
Mls Name: Mid Kansas MLS & Prairie Land Realtors
Mls ID: #53582