316 S Billings StRileyKS66531
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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 Riley at 316 S Billings St, Riley, KS, 66531 offers $0/mo rent that, after a $509/mo payment. Total monthly income is $0/mo. Return on cash invested measures -4.17% in year one, and rental yield stands at 0% at a $104,000 entry. Equity gained on principal adds $671/yr while 5% annual appreciation compounds into $28,733 by year five. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $0/mo property income versus a $509/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1910
4,356 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 66531, Riley, KS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 613 (100%) |
| Owner Occupied HU | 423 (69.0%) |
| Renter Occupied HU | 100 (16.3%) |
| Vacant Housing Units | 90 (14.7%) |
| Median Home Value | $240,196 |
| Average Home Value | $303,922 |
Housing Distribution
Address Breakdown
Residential
513
Single Family
489
Multi-Family
24
Businesses
39
Nearby investment properties with comparable rents
No similar rental properties found nearby.
Nearby investment properties with comparable prices
Listed by: Tamren Sturges • Prestige Realty & Associates, LLC
Mls Name: FHARMLS
Mls Provider:
Mls ID: #20250677
Disclaimer: IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Listing information is deemed reliable, but not guaranteed.