316 N 2nd StCimarronKS67835
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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 Cimarron at 316 N 2nd St, Cimarron, KS, 67835 uses $51,383 cash to close to unlock $3,197/yr annual cash flow and $266/mo monthly cash flow. Total monthly income runs $1,298/mo, and a $759/mo payment keeps the spread at $266/mo. Purchase price stands at $155,000, and rental yield measures 10.05% with $1,298/mo rent. Return on cash invested shows 26.13% in year one, and 5% annual appreciation builds toward $42,824 over five years. Five-year ROI reaches 136.84% and total cumulative return in cash records $70,312. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,298/mo property income covering a $759/mo payment rather than investor’s personal income.
Single Family
Built in 1920
7,000 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 67835, Cimarron, KS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,206 (100%) |
| Owner Occupied HU | 801 (66.4%) |
| Renter Occupied HU | 271 (22.5%) |
| Vacant Housing Units | 134 (11.1%) |
| Median Home Value | $205,864 |
| Average Home Value | $236,529 |
Housing Distribution
Address Breakdown
Residential
251
Single Family
251
Multi-Family
0
Businesses
146
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