302 S Myrtle StSubletteKS67877
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 Sublette at 302 S Myrtle St, Sublette, KS, 67877 offers $1,416/mo rent that, after a $744/mo payment, leaves $405/mo cash flow. Total monthly income is $1,416/mo, and annual cash flow is $4,857/yr on $50,388 cash. Return on cash invested measures 29.55% in year one, and rental yield stands at 11.18% at a $152,000 entry. Equity gained on principal adds $981/yr while 5% annual appreciation compounds into $41,995 by year five. Five-year ROI records 155.18% and total cumulative return in cash reaches $78,190. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,416/mo property income versus a $744/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1940
7,405 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 67877, Sublette, KS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 870 (100%) |
| Owner Occupied HU | 575 (66.1%) |
| Renter Occupied HU | 188 (21.6%) |
| Vacant Housing Units | 107 (12.3%) |
| Median Home Value | $190,402 |
| Average Home Value | $232,387 |
Housing Distribution
Address Breakdown
Residential
151
Single Family
151
Multi-Family
0
Businesses
129
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