315 W 3rd AveGarnettKS66032
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeAt $149,900, 315 W 3rd Ave, Garnett, KS, 66032 in Garnett generates $1,173/mo in rent (9.39% yield) but nets only $176/mo after debt service. The spread is thin, manageable for investors comfortable with low-margin holds who are buying into the 5% annual appreciation thesis. Ziffy Mortgage's DSCR loan (1.74) allows non-U.S. residents to acquire without personal income checks. A larger down payment reduces the monthly debt load and widens the margin. Five-year appreciation: $41,415. Total projected return: $68,495.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 9.4% | 6.5% |
| Monthly Cash Flow | $176 | $400 |
City averages based on Garnett market data in our database. Property projections are estimates.
DSCR Rental Loan Qualification
Qualifies using the property's rental income, not your personal income.
- ✓No W-2, pay stubs, or tax returns needed
- ✓Rental income qualifies you
- ✓Built for real estate investors
| Monthly Rental Income | $1,173 |
| Total Monthly Debt Service | $938 |
| DSCR Ratio | 1.25x |
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 1910
8,400 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 66032, Garnett, KS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,240 (100%) |
| Owner Occupied HU | 1,448 (64.6%) |
| Renter Occupied HU | 552 (24.6%) |
| Vacant Housing Units | 240 (10.7%) |
| Median Home Value | $158,007 |
| Average Home Value | $167,115 |
Housing Distribution
Address Breakdown
Residential
2,045
Single Family
1,968
Multi-Family
77
Businesses
223
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 1910
8,400 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 66032, Garnett, KS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,240 (100%) |
| Owner Occupied HU | 1,448 (64.6%) |
| Renter Occupied HU | 552 (24.6%) |
| Vacant Housing Units | 240 (10.7%) |
| Median Home Value | $158,007 |
| Average Home Value | $167,115 |
Housing Distribution
Address Breakdown
Residential
2,045
Single Family
1,968
Multi-Family
77
Businesses
223
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices