307 Main AveGoodlandKS67735
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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 Goodland at 307 Main Ave, Goodland, KS, 67735 priced at $183,000 converts $1,369/mo rent into $151/mo cash flow after a $896/mo obligation. Total monthly income equals $1,369/mo, and annual cash flow totals $1,815/yr on $60,665 invested. Return on cash invested prints 22.9% in year one, and rental yield reads 8.98% against a $183,000 entry. Equity gained on principal adds $1,181/yr, while 5% annual appreciation compiles into $50,560 by year five. Five-year ROI reaches 119.57% and total cumulative return in cash sums $72,539. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,369/mo property income covering a $896/mo payment, not borrower’s personal income.
Single Family
Built in 1949
6,534 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 67735, Goodland, KS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,655 (100%) |
| Owner Occupied HU | 1,487 (56.0%) |
| Renter Occupied HU | 715 (26.9%) |
| Vacant Housing Units | 453 (17.1%) |
| Median Home Value | $154,025 |
| Average Home Value | $176,907 |
Housing Distribution
Address Breakdown
Residential
2,473
Single Family
2,376
Multi-Family
97
Businesses
385
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