309-311 Washington StBaldwin CityKS66006
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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 Baldwin City at 309-311 Washington St, Baldwin City, KS, 66006 generates $2,154/mo in rent, after a $1,591/mo payment. Total monthly income is $2,154/mo. Return on cash invested sits at 19.81% in year one, and rental yield is 7.95% on a $325,000 entry. Equity gained on principal adds $2,097/yr, while 5% annual appreciation builds toward $89,792 over five years. Five-year ROI reaches 102.95% and total cumulative return in cash sums $110,917. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,154/mo property income rather than buyer’s personal income.
Multi Family
Built in 1996
1 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 66006, Baldwin City, KS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,163 (100%) |
| Owner Occupied HU | 2,351 (74.3%) |
| Renter Occupied HU | 650 (20.6%) |
| Vacant Housing Units | 162 ( 5.1%) |
| Median Home Value | $358,486 |
| Average Home Value | $416,809 |
Housing Distribution
Address Breakdown
Residential
2,701
Single Family
2,671
Multi-Family
30
Businesses
199
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Listed by: Brian Andrew • ReeceNichols - Overland Park
Mls Name: Heartland MLS as distributed by MLS GRID
Mls ID: #2563823