316 Michaels WayJunction CityKS66441
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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 Junction City at 316 Michaels Way, Junction City, KS, 66441 priced at $385,000 converts $2,160/mo rent into after a $1,884/mo obligation. Total monthly income equals $2,160/mo. Return on cash invested prints 16.14% in year one, and rental yield reads 6.73% against a $385,000 entry. Equity gained on principal adds $2,484/yr, while 5% annual appreciation compiles into $106,368 by year five. Five-year ROI reaches 83.28% and total cumulative return in cash sums $106,282. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,160/mo property income covering a $1,884/mo payment, not borrower’s personal income.
Single Family
Built in 2015
0.28 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 66441, Junction City, KS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,761 (100%) |
| Owner Occupied HU | 5,123 (40.1%) |
| Renter Occupied HU | 5,432 (42.6%) |
| Vacant Housing Units | 2,206 (17.3%) |
| Median Home Value | $172,422 |
| Average Home Value | $196,382 |
Housing Distribution
Address Breakdown
Residential
11,704
Single Family
10,663
Multi-Family
1,041
Businesses
881
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Listed by: Barb Meitler • Platinum Realty
Mls Name: FHARMLS
Mls ID: #20252410