324 N Noble StRileyKS66531
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowStrong cash flow defines 324 N Noble St, Riley, KS, 66531 in Riley: $2,088/mo in rent, $1,192/mo net, 19.93% gross yield, all on a $125,700 acquisition. The 3.70 coverage ratio comfortably clears Ziffy Mortgage's threshold, enabling foreign-national buyers to close without U.S. credit documentation. Over five years, 5% appreciation adds $34,729 in value, and $1,158/yr in principal paydown steadily builds equity. Projected total cumulative return: $124,881.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 19.9% | 7.0% |
| Monthly Cash Flow | $1,192 | $350 |
City averages based on Riley market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,088 |
| Total Monthly Debt Service | $846 |
| DSCR Ratio | 2.47x |
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 1994
0.28 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 66531, Riley, KS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 613 (100%) |
| Owner Occupied HU | 423 (69.0%) |
| Renter Occupied HU | 100 (16.3%) |
| Vacant Housing Units | 90 (14.7%) |
| Median Home Value | $240,196 |
| Average Home Value | $303,922 |
Housing Distribution
Address Breakdown
Residential
513
Single Family
489
Multi-Family
24
Businesses
39
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 1994
0.28 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 66531, Riley, KS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 613 (100%) |
| Owner Occupied HU | 423 (69.0%) |
| Renter Occupied HU | 100 (16.3%) |
| Vacant Housing Units | 90 (14.7%) |
| Median Home Value | $240,196 |
| Average Home Value | $303,922 |
Housing Distribution
Address Breakdown
Residential
513
Single Family
489
Multi-Family
24
Businesses
39
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices