306 S 4th StCouncil GroveKS66846
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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
Rental property for sale in Council Grove at 306 S 4th St, Council Grove, KS, 66846 priced at $119,000 pairs $941/mo rent with $150/mo cash flow after a $582/mo payment. Total monthly income equals $941/mo, and annual cash flow comes to $1,797/yr on $39,449 invested. Return on cash invested is 24.46% in year one, and rental yield stands at 9.49% on a $119,000 basis. Equity gained on principal adds $768/yr, and 5% annual appreciation accumulates to $32,878 by year five. Five-year ROI measures 127.9% and total cumulative return in cash reaches $50,453. For financing, Ziffy Mortgage’s DSCR program evaluates $941/mo property income against a $582/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1979
0.55 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 66846, Council Grove, KS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,954 (100%) |
| Owner Occupied HU | 1,046 (53.5%) |
| Renter Occupied HU | 371 (19.0%) |
| Vacant Housing Units | 537 (27.5%) |
| Median Home Value | $138,487 |
| Average Home Value | $171,348 |
Housing Distribution
Address Breakdown
Residential
1,620
Single Family
1,563
Multi-Family
57
Businesses
224
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Listed by: Juanita Nittler • Lakeside Properties
Mls Name: FHARMLS
Mls Provider:
Mls ID: #20242221
Disclaimer: IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Listing information is deemed reliable, but not guaranteed.