401 N Walnut StMedicine LodgeKS67104
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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
Investment property for sale in Medicine Lodge at 401 N Walnut St, Medicine Lodge, KS, 67104 listed at $132,500 pairs $998/mo rent with a $649/mo payment to leave $116/mo cash flow. Total monthly income runs $998/mo, and annual cash flow reaches $1,392/yr on $43,924 cash to close. Return on cash invested measures 23.08% in year one, and rental yield registers 9.04% at a $132,500 basis. Equity gained on principal adds $855/yr, and annual property appreciation at 5% supports $36,607 by year five. Five-year ROI tracks 120.58% and total cumulative return in cash totals $52,964. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $998/mo property income relative to a $649/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1930
9,250 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 67104, Medicine Lodge, KS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,311 (100%) |
| Owner Occupied HU | 727 (55.5%) |
| Renter Occupied HU | 267 (20.4%) |
| Vacant Housing Units | 317 (24.2%) |
| Median Home Value | $93,750 |
| Average Home Value | $118,177 |
Housing Distribution
Address Breakdown
Residential
994
Single Family
952
Multi-Family
42
Businesses
174
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Listed by: John Nixon • Great Western Auction and Realty, LLC
Mls Name: My State MLS
Mls ID: #11604008