331 2nd StPhillipsburgKS67661
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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 Phillipsburg at 331 2nd St, Phillipsburg, KS, 67661 priced at $259,500 pairs $1,406/mo rent with after a $1,270/mo payment. Total monthly income equals $1,406/mo. Return on cash invested is 15.44% in year one, and rental yield stands at 6.5% on a $259,500 basis. Equity gained on principal adds $1,675/yr, and 5% annual appreciation accumulates to $71,695 by year five. Five-year ROI measures 79.49% and total cumulative return in cash reaches $68,381. For financing, Ziffy Mortgage’s DSCR program evaluates $1,406/mo property income against a $1,270/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1910
6,300 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 67661, Phillipsburg, KS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,676 (100%) |
| Owner Occupied HU | 1,010 (60.3%) |
| Renter Occupied HU | 367 (21.9%) |
| Vacant Housing Units | 299 (17.8%) |
| Median Home Value | $104,703 |
| Average Home Value | $155,842 |
Housing Distribution
Address Breakdown
Residential
1,424
Single Family
1,421
Multi-Family
3
Businesses
221
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Listed by: Rhonda Keesee • Mid America Real Estate
Mls Name: My State MLS
Mls ID: #11527324