318 S Prospect AveClearwaterKS67026
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Clearwater at 318 S Prospect Ave, Clearwater, KS, 67026 offers a 11.5% rental yield on a $199,900 purchase with $1,916/mo rent. Total monthly income registers $1,916/mo, and a $978/mo payment leaves $587/mo available for distribution. Annual cash flow reaches $7,038/yr on $66,267 to close, and return on cash invested stands at 30.53% in year one. Equity gained on principal adds $1,290/yr while 5% annual appreciation supports $55,229 over five years. Portfolio math shows five-year ROI at 160.42% and total cumulative return in cash at $106,309. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,916/mo property income against a $978/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1951
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 67026, Clearwater, KS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,918 (100%) |
| Owner Occupied HU | 1,486 (77.5%) |
| Renter Occupied HU | 327 (17.0%) |
| Vacant Housing Units | 105 ( 5.5%) |
| Median Home Value | $305,185 |
| Average Home Value | $331,248 |
Housing Distribution
Address Breakdown
Residential
1,833
Single Family
1,681
Multi-Family
152
Businesses
118
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Stephanie Carlson • PenFed Realty
Mls Name: BHHS broker feed
Mls ID: #665770