315 E Granby StNeodeshaKS66757
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowIf cash-on-cash performance is your primary filter, 315 E Granby St, Neodesha, KS, 66757 in Neodesha deserves attention. This $114,800 property earns $1,450/mo in rent, a 15.15% gross yield, and nets $686/mo after the $516/mo payment. DSCR 2.81 makes it one of the cleaner DSCR underwriting candidates Ziffy Mortgage sees in this market. Five-year appreciation of $31,717 compounds alongside $1,057/yr in yearly equity build, for a total cumulative return of $87,989.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 15.2% | 8.0% |
| Monthly Cash Flow | $686 | $350 |
City averages based on Neodesha market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,450 |
| Total Monthly Debt Service | $718 |
| DSCR Ratio | 2.02x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, 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 1900
2.06 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 66757, Neodesha, KS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,621 (100%) |
| Owner Occupied HU | 916 (56.5%) |
| Renter Occupied HU | 442 (27.3%) |
| Vacant Housing Units | 263 (16.2%) |
| Median Home Value | $113,636 |
| Average Home Value | $156,174 |
Housing Distribution
Address Breakdown
Residential
1,394
Single Family
1,387
Multi-Family
7
Businesses
142
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 1900
2.06 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 66757, Neodesha, KS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,621 (100%) |
| Owner Occupied HU | 916 (56.5%) |
| Renter Occupied HU | 442 (27.3%) |
| Vacant Housing Units | 263 (16.2%) |
| Median Home Value | $113,636 |
| Average Home Value | $156,174 |
Housing Distribution
Address Breakdown
Residential
1,394
Single Family
1,387
Multi-Family
7
Businesses
142
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices