324 N Noble StRileyKS66531
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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 Riley at 324 N Noble St, Riley, KS, 66531 generates $2,088/mo in rent and, after a $615/mo payment, leaves $1,192/mo in cash flow. Total monthly income is $2,088/mo, and annual cash flow is $14,304/yr on $41,670 invested. Return on cash invested sits at 54.24% in year one, and rental yield is 19.93% on a $125,700 entry. Equity gained on principal adds $811/yr, while 5% annual appreciation builds toward $34,729 over five years. Five-year ROI reaches 288.14% and total cumulative return in cash sums $120,069. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,088/mo property income rather than buyer’s personal income.
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
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