320 W 8th StConcordiaKS66901
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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 Concordia at 320 W 8th St, Concordia, KS, 66901 priced at $240,000 pairs $1,876/mo rent with $279/mo cash flow after a $1,175/mo payment. Total monthly income equals $1,876/mo, and annual cash flow comes to $3,348/yr on $79,560 invested. Return on cash invested is 24.12% in year one, and rental yield stands at 9.38% on a $240,000 basis. Equity gained on principal adds $1,549/yr, and 5% annual appreciation accumulates to $66,308 by year five. Five-year ROI measures 126.02% and total cumulative return in cash reaches $100,262. For financing, Ziffy Mortgage’s DSCR program evaluates $1,876/mo property income against a $1,175/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1904
0.27 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 66901, Concordia, KS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,027 (100%) |
| Owner Occupied HU | 1,671 (55.2%) |
| Renter Occupied HU | 819 (27.1%) |
| Vacant Housing Units | 537 (17.7%) |
| Median Home Value | $113,170 |
| Average Home Value | $147,044 |
Housing Distribution
Address Breakdown
Residential
2,734
Single Family
2,701
Multi-Family
33
Businesses
372
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