3086 Saddle RdElk CityKS67344
INVESTMENT ANALYSIS
Investment Verdict
Appreciation PlayGlobal investors willing to prioritise equity over near-term yield will find 3086 Saddle Rd, Elk City, KS, 67344 in Elk City worth study. Rental yield 2.49%. The 2.49% gross yield is below cash-flow benchmarks at $775,000, but 5% annual appreciation, adding $214,118 over five years, frames this as a capital growth position. Rent of $1,606/mo partially offsets the $3,485/mo payment. Ziffy Mortgage finances appreciation-play properties (0.46 DSCR) for non-U.S. residents without domestic income documentation; a 30–35% down payment maximises coverage. Total projected return: $67,014.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 2.5% | 8.0% |
| Monthly Cash Flow | $(3,550) | $450 |
City averages based on Elk City market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,606 |
| Total Monthly Debt Service | $4,848 |
| DSCR Ratio | 0.33x |
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 1999
159 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 67344, Elk City, KS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 428 (100%) |
| Owner Occupied HU | 256 (59.8%) |
| Renter Occupied HU | 57 (13.3%) |
| Vacant Housing Units | 115 (26.9%) |
| Median Home Value | $214,935 |
| Average Home Value | $209,268 |
Housing Distribution
Address Breakdown
Residential
368
Single Family
368
Multi-Family
0
Businesses
12
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 1999
159 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 67344, Elk City, KS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 428 (100%) |
| Owner Occupied HU | 256 (59.8%) |
| Renter Occupied HU | 57 (13.3%) |
| Vacant Housing Units | 115 (26.9%) |
| Median Home Value | $214,935 |
| Average Home Value | $209,268 |
Housing Distribution
Address Breakdown
Residential
368
Single Family
368
Multi-Family
0
Businesses
12
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices