311 Locust StMound CityKS66056
INVESTMENT ANALYSIS
Investment Verdict
Appreciation PlayMarkets with strong demand fundamentals often produce low-yield, high-appreciation assets. 311 Locust St, Mound City, KS, 66056 in Mound City fits: $299,000, 5.83% gross yield, and a projected 5% annual appreciation rate adding $82,608 in value within five years. Rental yield 5.83%. The narrow rent-to-debt spread is the trade-off for market growth. Ziffy Mortgage's DSCR loan (1.08) finances non-U.S. buyers without personal income documentation; optimise coverage with a 30–35% down payment. $2,754/yr in principal paydown and $82,608 in appreciation project a total return of $79,476.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 5.8% | 6.0% |
| Monthly Cash Flow | $(537) | $350 |
City averages based on Mound City market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,452 |
| Total Monthly Debt Service | $1,870 |
| DSCR Ratio | 0.78x |
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 2004
0.61 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 66056, Mound City, KS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,068 (100%) |
| Owner Occupied HU | 642 (60.1%) |
| Renter Occupied HU | 131 (12.3%) |
| Vacant Housing Units | 295 (27.6%) |
| Median Home Value | $178,125 |
| Average Home Value | $268,594 |
Housing Distribution
Address Breakdown
Residential
830
Single Family
830
Multi-Family
0
Businesses
86
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 2004
0.61 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 66056, Mound City, KS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,068 (100%) |
| Owner Occupied HU | 642 (60.1%) |
| Renter Occupied HU | 131 (12.3%) |
| Vacant Housing Units | 295 (27.6%) |
| Median Home Value | $178,125 |
| Average Home Value | $268,594 |
Housing Distribution
Address Breakdown
Residential
830
Single Family
830
Multi-Family
0
Businesses
86
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Dalton Mcginnis • Clinch Realty LLC
Mls Name: Heartland MLS as distributed by MLS GRID
Mls ID: #2578657