320 S Illinois StEurekaKS67045
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeTight but positive: 320 S Illinois St, Eureka, KS, 67045 in Eureka at $103,900 earns $836/mo in rent and nets $145/mo after the $467/mo payment, a 9.66% yield with limited short-term income headroom. The equity story offsets the thin monthly spread: 5% annual appreciation adds $28,706 over five years. Ziffy Mortgage underwrites this on a 1.79 DSCR without U.S. credit history. With $957/yr in principal paydown, total projected return reaches $48,974.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 9.7% | 8.2% |
| Monthly Cash Flow | $145 | $450 |
City averages based on Eureka market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $836 |
| Total Monthly Debt Service | $650 |
| DSCR Ratio | 1.29x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 1948
0.34 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 67045, Eureka, KS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,874 (100%) |
| Owner Occupied HU | 1,032 (55.1%) |
| Renter Occupied HU | 389 (20.8%) |
| Vacant Housing Units | 453 (24.2%) |
| Median Home Value | $81,042 |
| Average Home Value | $129,910 |
Housing Distribution
Address Breakdown
Residential
1,488
Single Family
1,473
Multi-Family
15
Businesses
194
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
Single Family
Built in 1948
0.34 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 67045, Eureka, KS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,874 (100%) |
| Owner Occupied HU | 1,032 (55.1%) |
| Renter Occupied HU | 389 (20.8%) |
| Vacant Housing Units | 453 (24.2%) |
| Median Home Value | $81,042 |
| Average Home Value | $129,910 |
Housing Distribution
Address Breakdown
Residential
1,488
Single Family
1,473
Multi-Family
15
Businesses
194
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Kelly Hutton • Heritage 1st Realty
Mls Name: SCKMLS
Mls ID: #658089
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