350 S Lee AveClearwaterKS67026
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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 Clearwater at 350 S Lee Ave, Clearwater, KS, 67026 generates $1,472/mo in rent and, after a $978/mo payment, leaves $143/mo in cash flow. Total monthly income is $1,472/mo, and annual cash flow is $1,710/yr on $66,267 invested. Return on cash invested sits at 22.49% in year one, and rental yield is 8.84% on a $199,900 entry. Equity gained on principal adds $1,290/yr, while 5% annual appreciation builds toward $55,229 over five years. Five-year ROI reaches 117.33% and total cumulative return in cash sums $77,749. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,472/mo property income rather than buyer’s personal income.
Single Family
Built in 1955
0.32 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 67026, Clearwater, KS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,918 (100%) |
| Owner Occupied HU | 1,486 (77.5%) |
| Renter Occupied HU | 327 (17.0%) |
| Vacant Housing Units | 105 ( 5.5%) |
| Median Home Value | $305,185 |
| Average Home Value | $331,248 |
Housing Distribution
Address Breakdown
Residential
1,833
Single Family
1,681
Multi-Family
152
Businesses
118
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Listed by: Lee Harp • ERA Great American Realty
Mls Name: SCKMLS
Mls ID: #667124