308 N Garfield StLakinKS67860
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowSolid fundamentals define the investment case at 308 N Garfield St, Lakin, KS, 67860 in Lakin: $1,078/mo in rent, $313/mo in net income, 11.24% gross yield, 2.09 DSCR, all at $115,000. Ziffy Mortgage's DSCR mortgage qualifies using the property's income alone, clearing approval without U.S. residency or credit. Five-year equity from $31,772 in appreciation and $1,059/yr in principal paydown projects total cumulative return of $63,995.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 11.2% | 6.2% |
| Monthly Cash Flow | $313 | $350 |
City averages based on Lakin market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,078 |
| Total Monthly Debt Service | $719 |
| DSCR Ratio | 1.50x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
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
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
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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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.