315 N School StNess CityKS67560
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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
Investment property for sale in Ness City at 315 N School St, Ness City, KS, 67560 at $229,000 posts ROI 25% with $322/mo cash flow from $1,846/mo rent. Total monthly income equals $1,846/mo, and annual cash flow records $3,868/yr on $75,914 to close. Return on cash invested measures 25% and rental yield reads 9.67% at the current $229,000. Equity gained on principal adds $1,478/yr, and 5% annual appreciation supports $63,268 by year five. Five-year ROI prints 130.81% and total cumulative return in cash totals $99,305.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $1,846/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1966
9,583 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 67560, Ness City, KS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 859 (100%) |
| Owner Occupied HU | 571 (66.5%) |
| Renter Occupied HU | 147 (17.1%) |
| Vacant Housing Units | 141 (16.4%) |
| Median Home Value | $114,509 |
| Average Home Value | $159,046 |
Housing Distribution
Address Breakdown
Residential
667
Single Family
637
Multi-Family
30
Businesses
122
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