310 W New York StSmith CenterKS66967
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
Investment Highlights
Rental property for sale in Smith Center at 310 W New York St, Smith Center, KS, 66967 offers $1,180/mo rent that, after a $724/mo payment, leaves $196/mo cash flow. Total monthly income is $1,180/mo, and annual cash flow is $2,349/yr on $49,062 cash. Return on cash invested measures 24.7% in year one, and rental yield stands at 9.57% at a $148,000 entry. Equity gained on principal adds $955/yr while 5% annual appreciation compounds into $40,890 by year five. Five-year ROI records 129.12% and total cumulative return in cash reaches $63,350. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,180/mo property income versus a $724/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1920
8,675 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 66967, Smith Center, KS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,084 (100%) |
| Owner Occupied HU | 693 (63.9%) |
| Renter Occupied HU | 190 (17.5%) |
| Vacant Housing Units | 201 (18.5%) |
| Median Home Value | $108,494 |
| Average Home Value | $135,191 |
Housing Distribution
Address Breakdown
Residential
949
Single Family
879
Multi-Family
70
Businesses
158
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Nearby investment properties with comparable prices
Listed by: Aleah Williams • Wildlife Properties Land Company, LLC
Mls Name: My State MLS
Mls ID: #11594638