317 W 5th StSolomonKS67480
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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 Solomon at 317 W 5th St, Solomon, KS, 67480 offers $1,163/mo rent that, after a $905/mo payment. Total monthly income is $1,163/mo. Return on cash invested measures 18.59% in year one, and rental yield stands at 7.54% at a $185,000 entry. Equity gained on principal adds $1,194/yr while 5% annual appreciation compounds into $51,112 by year five. Five-year ROI records 96.41% and total cumulative return in cash reaches $59,127. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,163/mo property income versus a $905/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1955
0.34 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 67480, Solomon, KS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 717 (100%) |
| Owner Occupied HU | 524 (73.1%) |
| Renter Occupied HU | 134 (18.7%) |
| Vacant Housing Units | 59 ( 8.2%) |
| Median Home Value | $180,488 |
| Average Home Value | $229,461 |
Housing Distribution
Address Breakdown
Residential
619
Single Family
604
Multi-Family
15
Businesses
38
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Listed by: Tammy Shirack • Millwood Realty, Inc.
Mls Name: SCKMLS
Mls ID: #655285
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