339 W Us Highway 24DownsKS67437
INVESTMENT ANALYSIS
Investment Verdict
Appreciation PlayThe investment thesis at 339 W Us Highway 24, Downs, KS, 67437 in Downs is capital appreciation. Rental yield 2.89%. The 2.89% gross yield at $249,500 falls below cash-flow thresholds, but 5% annual value growth is forecast to deliver $68,932 in additional equity by year five, an equity gain that can outpace many higher-yield markets. Ziffy Mortgage finances appreciation-play assets via DSCR (0.53) without U.S. credit history; structure with a larger down payment to optimise coverage. Total projected return: $26,945.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 2.9% | 7.0% |
| Monthly Cash Flow | $(1,060) | $550 |
City averages based on Downs market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $600 |
| Total Monthly Debt Service | $1,561 |
| DSCR Ratio | 0.38x |
Ziffy Mortgage typically prefers a DSCR of 1.0+, but in some cases you may qualify with a DSCR below 1. To explore if this deal qualifies for an investment mortgage, 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 1962
1.83 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 67437, Downs, KS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 607 (100%) |
| Owner Occupied HU | 363 (59.8%) |
| Renter Occupied HU | 123 (20.3%) |
| Vacant Housing Units | 121 (19.9%) |
| Median Home Value | $113,149 |
| Average Home Value | $145,944 |
Housing Distribution
Address Breakdown
Residential
489
Single Family
489
Multi-Family
0
Businesses
62
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 1962
1.83 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 67437, Downs, KS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 607 (100%) |
| Owner Occupied HU | 363 (59.8%) |
| Renter Occupied HU | 123 (20.3%) |
| Vacant Housing Units | 121 (19.9%) |
| Median Home Value | $113,149 |
| Average Home Value | $145,944 |
Housing Distribution
Address Breakdown
Residential
489
Single Family
489
Multi-Family
0
Businesses
62
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices