308 S Kansas StHighlandKS66035
INVESTMENT ANALYSIS
Investment Verdict
Income-ProducingFor first-time U.S. investors or those diversifying conservatively, 308 S Kansas St, Highland, KS, 66035 in Highland offers a clean, manageable entry. Rental yield 6.65%. DSCR 1.23 qualifies for Ziffy Mortgage's no-W2 mortgage for non-U.S. residents. Long-term: 5% annual appreciation projects $89,792 in additional property value over five years, with $2,993/yr in principal equity building ownership stake. Total projected cumulative return: $100,638.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 6.7% | 6.0% |
| Monthly Cash Flow | $(362) | $150 |
City averages based on Highland market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,800 |
| Total Monthly Debt Service | $2,033 |
| DSCR Ratio | 0.89x |
Ziffy Mortgage typically prefers a DSCR of 1.0+, but in some cases you may qualify with a DSCR below 1. To explore if this deal qualifies for an investment mortgage, 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 1900
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 66035, Highland, KS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 493 (100%) |
| Owner Occupied HU | 288 (58.4%) |
| Renter Occupied HU | 102 (20.7%) |
| Vacant Housing Units | 103 (20.9%) |
| Median Home Value | $155,625 |
| Average Home Value | $183,707 |
Housing Distribution
Address Breakdown
Residential
314
Single Family
308
Multi-Family
6
Businesses
32
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 1900
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 66035, Highland, KS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 493 (100%) |
| Owner Occupied HU | 288 (58.4%) |
| Renter Occupied HU | 102 (20.7%) |
| Vacant Housing Units | 103 (20.9%) |
| Median Home Value | $155,625 |
| Average Home Value | $183,707 |
Housing Distribution
Address Breakdown
Residential
314
Single Family
308
Multi-Family
6
Businesses
32
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Debbie S Heinrich • COMPASS REALTY, LLC (Lawrence)
Mls Name: LBORMLS
Mls Provider:
Mls ID: #163473
Disclaimer: The data displayed on this page is confidential, proprietary, and copyrighted data of Lawrence Multiple Listing Service, Inc., of the Lawrence, Kansas, Board of REALTORS, Copyright 2025. Lawrence Multiple Listing Service, Inc., and Zillow, Inc. do not make any warranty or representation concerning the timeliness or accuracy of the data displayed herein. In consideration for the receipt of the data on this page, the recipient agrees to use the data solely for the private non-commercial purpose of identifying a property in which the recipient has a good faith interest in acquiring.