316 E 1st StSmith CenterKS66967
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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 Smith Center at 316 E 1st St, Smith Center, KS, 66967 uses $41,438 cash to close to unlock $1,406/yr annual cash flow and $117/mo monthly cash flow. Total monthly income runs $949/mo, and a $612/mo payment keeps the spread at $117/mo. Purchase price stands at $125,000, and rental yield measures 9.11% with $949/mo rent. Return on cash invested shows 23.3% in year one, and 5% annual appreciation builds toward $34,535 over five years. Five-year ROI reaches 121.76% and total cumulative return in cash records $50,453. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $949/mo property income covering a $612/mo payment rather than investor’s personal income.
Single Family
Built in 1930
0.43 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 66967, Smith Center, KS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,084 (100%) |
| Owner Occupied HU | 693 (63.9%) |
| Renter Occupied HU | 190 (17.5%) |
| Vacant Housing Units | 201 (18.5%) |
| Median Home Value | $108,494 |
| Average Home Value | $135,191 |
Housing Distribution
Address Breakdown
Residential
949
Single Family
879
Multi-Family
70
Businesses
158
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Listed by: Nick Rhodes • Wildlife Properties Land Company, LLC
Mls Name: My State MLS
Mls ID: #11605615