323 N Main StPrattKS67124
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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 Pratt at 323 N Main St, Pratt, KS, 67124 uses $94,312 cash to close to unlock $3,057/yr annual cash flow and $255/mo monthly cash flow. Total monthly income runs $2,147/mo, and a $1,392/mo payment keeps the spread at $255/mo. Purchase price stands at $284,500, and rental yield measures 9.06% with $2,147/mo rent. Return on cash invested shows 23.15% in year one, and 5% annual appreciation builds toward $78,602 over five years. Five-year ROI reaches 120.83% and total cumulative return in cash records $113,957. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,147/mo property income covering a $1,392/mo payment rather than investor’s personal income.
Single Family
Built in 1907
9,583 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 67124, Pratt, KS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,736 (100%) |
| Owner Occupied HU | 2,258 (60.4%) |
| Renter Occupied HU | 905 (24.2%) |
| Vacant Housing Units | 573 (15.3%) |
| Median Home Value | $125,806 |
| Average Home Value | $176,372 |
Housing Distribution
Address Breakdown
Residential
3,392
Single Family
3,260
Multi-Family
132
Businesses
468
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