314 E Lakewood TerSilver LakeKS66539
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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 Silver Lake at 314 E Lakewood Ter, Silver Lake, KS, 66539 offers $1,712/mo rent that, after a $1,444/mo payment. Total monthly income is $1,712/mo. Return on cash invested measures 15.85% in year one, and rental yield stands at 6.96% at a $295,000 entry. Equity gained on principal adds $1,904/yr while 5% annual appreciation compounds into $81,503 by year five. Five-year ROI records 82.08% and total cumulative return in cash reaches $80,270. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,712/mo property income versus a $1,444/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1996
8,500 sqft lot
$N/A/sqft
$240 quarterly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 66539, Silver Lake, KS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,179 (100%) |
| Owner Occupied HU | 891 (75.6%) |
| Renter Occupied HU | 231 (19.6%) |
| Vacant Housing Units | 57 ( 4.8%) |
| Median Home Value | $272,978 |
| Average Home Value | $300,320 |
Housing Distribution
Address Breakdown
Residential
985
Single Family
985
Multi-Family
0
Businesses
60
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Listed by: Justin Armbruster • Genesis, LLC, Realtors
Mls Name: Sunflower AOR
Mls Provider:
Mls ID: #239270
Disclaimer: IDX information is provided exclusively for consumers personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the MLS.