340 N School AveColbyKS67701
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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 Colby at 340 N School Ave, Colby, KS, 67701 priced at $288,700 converts $2,492/mo rent into $533/mo cash flow after a $1,413/mo obligation. Total monthly income equals $2,492/mo, and annual cash flow totals $6,397/yr on $95,704 invested. Return on cash invested prints 26.59% in year one, and rental yield reads 10.36% against a $288,700 entry. Equity gained on principal adds $1,863/yr, while 5% annual appreciation compiles into $79,762 by year five. Five-year ROI reaches 139.51% and total cumulative return in cash sums $133,516. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,492/mo property income covering a $1,413/mo payment, not borrower’s personal income.
Single Family
Built in 1973
8,663 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 67701, Colby, KS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,016 (100%) |
| Owner Occupied HU | 1,828 (60.6%) |
| Renter Occupied HU | 817 (27.1%) |
| Vacant Housing Units | 371 (12.3%) |
| Median Home Value | $188,189 |
| Average Home Value | $218,141 |
Housing Distribution
Address Breakdown
Residential
2,843
Single Family
2,755
Multi-Family
88
Businesses
602
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