300 W Washington AveMedicine LodgeKS67104
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 Medicine Lodge at 300 W Washington Ave, Medicine Lodge, KS, 67104 offers $988/mo rent that, after a $607/mo payment, leaves $163/mo cash flow. Total monthly income is $988/mo, and annual cash flow is $1,956/yr on $41,106 cash. Return on cash invested measures 24.67% in year one, and rental yield stands at 9.56% at a $124,000 entry. Equity gained on principal adds $800/yr while 5% annual appreciation compounds into $34,259 by year five. Five-year ROI records 128.95% and total cumulative return in cash reaches $53,007. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $988/mo property income versus a $607/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
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