308 N Garfield StLakinKS67860
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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 Lakin at 308 N Garfield St, Lakin, KS, 67860 generates $1,078/mo in rent and, after a $563/mo payment, leaves $313/mo in cash flow. Total monthly income is $1,078/mo, and annual cash flow is $3,753/yr on $38,123 invested. Return on cash invested sits at 29.75% in year one, and rental yield is 11.25% on a $115,000 entry. Equity gained on principal adds $742/yr, while 5% annual appreciation builds toward $31,772 over five years. Five-year ROI reaches 156.28% and total cumulative return in cash sums $59,577. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,078/mo property income rather than buyer’s personal income.
Single Family
Built in 1954
8,398 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 67860, Lakin, KS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,189 (100%) |
| Owner Occupied HU | 779 (65.5%) |
| Renter Occupied HU | 296 (24.9%) |
| Vacant Housing Units | 114 ( 9.6%) |
| Median Home Value | $210,592 |
| Average Home Value | $214,178 |
Housing Distribution
Address Breakdown
Residential
357
Single Family
357
Multi-Family
0
Businesses
131
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Listed by: Cruselia Davis • Heritage Realty Co
Mls Name: GCMLS, GARD
Mls Provider:
Mls ID: #21742
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.