318 S Prospect StClearwaterKS67026
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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 Clearwater at 318 S Prospect St, Clearwater, KS, 67026 offers $1,991/mo rent that, after a $978/mo payment, leaves $662/mo cash flow. Total monthly income is $1,991/mo, and annual cash flow is $7,938/yr on $66,267 cash. Return on cash invested measures 31.89% in year one, and rental yield stands at 11.95% at a $199,900 entry. Equity gained on principal adds $1,290/yr while 5% annual appreciation compounds into $55,229 by year five. Five-year ROI records 167.72% and total cumulative return in cash reaches $111,145. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,991/mo property income versus a $978/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1951
10,454 sqft 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
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Listed by: Stephanie Carlson • Berkshire Hathaway PenFed Realty
Mls Name: SCKMLS
Mls ID: #665770