325 N Washington StCouncil GroveKS66846
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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 Council Grove at 325 N Washington St, Council Grove, KS, 66846 priced at $235,000 converts $1,590/mo rent into $27/mo cash flow after a $1,150/mo obligation. Total monthly income equals $1,590/mo, and annual cash flow totals $321/yr on $77,903 invested. Return on cash invested prints 20.32% in year one, and rental yield reads 8.12% against a $235,000 entry. Equity gained on principal adds $1,516/yr, while 5% annual appreciation compiles into $64,926 by year five. Five-year ROI reaches 105.68% and total cumulative return in cash sums $82,324. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,590/mo property income covering a $1,150/mo payment, not borrower’s personal income.
Single Family
Built in 1955
0.26 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 66846, Council Grove, KS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,954 (100%) |
| Owner Occupied HU | 1,046 (53.5%) |
| Renter Occupied HU | 371 (19.0%) |
| Vacant Housing Units | 537 (27.5%) |
| Median Home Value | $138,487 |
| Average Home Value | $171,348 |
Housing Distribution
Address Breakdown
Residential
1,620
Single Family
1,563
Multi-Family
57
Businesses
224
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Listed by: Cody Catlin • Council Grove Realty
Mls Name: FHARMLS
Mls Provider:
Mls ID: #20250107
Disclaimer: IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Listing information is deemed reliable, but not guaranteed.