308 S 17th StIndependenceKS67301
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeThe cash-flow margin at 308 S 17th St, Independence, KS, 67301 in Independence is narrow, $156/mo net on $1,008/mo rent after the $576/mo debt service, but the property operates at break-even-plus, not a loss. At $128,000 with a 9.45% yield, the long-run equity case via 5% appreciation ($35,364 over five years) and $1,179/yr in principal paydown is where the returns accumulate. Ziffy Mortgage's 1.75 DSCR loan requires no W-2s or U.S. credit. Total projected cumulative return: $58,844.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 9.5% | 6.0% |
| Monthly Cash Flow | $156 | $500 |
City averages based on Independence market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,008 |
| Total Monthly Debt Service | $801 |
| DSCR Ratio | 1.26x |
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
0.46 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 67301, Independence, KS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,975 (100%) |
| Owner Occupied HU | 3,459 (57.9%) |
| Renter Occupied HU | 1,535 (25.7%) |
| Vacant Housing Units | 981 (16.4%) |
| Median Home Value | $143,820 |
| Average Home Value | $161,490 |
Housing Distribution
Address Breakdown
Residential
5,380
Single Family
5,183
Multi-Family
197
Businesses
634
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
0.46 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 67301, Independence, KS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,975 (100%) |
| Owner Occupied HU | 3,459 (57.9%) |
| Renter Occupied HU | 1,535 (25.7%) |
| Vacant Housing Units | 981 (16.4%) |
| Median Home Value | $143,820 |
| Average Home Value | $161,490 |
Housing Distribution
Address Breakdown
Residential
5,380
Single Family
5,183
Multi-Family
197
Businesses
634
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: N/A • N/A
Mls Name: undefined
Mls ID: #N/A