322 Northern AveGarden PlainKS67050
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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
Investment property for sale in Garden Plain at 322 Northern Ave, Garden Plain, KS, 67050 uses $84,529 cash to close to unlock $6,644/yr annual cash flow and $554/mo monthly cash flow. Total monthly income runs $2,250/mo, and a $1,248/mo payment keeps the spread at $554/mo. Purchase price stands at $254,990, and rental yield measures 10.59% with $2,250/mo rent. Return on cash invested shows 27.77% in year one, and 5% annual appreciation builds toward $70,449 over five years. Five-year ROI reaches 145.62% and total cumulative return in cash records $123,089. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,250/mo property income covering a $1,248/mo payment rather than investor’s personal income.
Single Family
Built in 2024
7,840 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 67050, Garden Plain, KS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 788 (100%) |
| Owner Occupied HU | 674 (85.5%) |
| Renter Occupied HU | 84 (10.7%) |
| Vacant Housing Units | 30 ( 3.8%) |
| Median Home Value | $338,129 |
| Average Home Value | $361,936 |
Housing Distribution
Address Breakdown
Residential
608
Single Family
608
Multi-Family
0
Businesses
34
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Listed by: Alta Edwards • Berkshire Hathaway PenFed Realty
Mls Name: SCKMLS
Mls ID: #643528
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. This information is not verified for authenticity or accuracy, is not guaranteed and may not reflect all real estate activity in the market. 1993-2024 South Central Kansas Multiple Listing Service, Inc. All rights reserved.