402 E Chestnut StNess CityKS67560
INVESTMENT ANALYSIS
Investment Verdict
Appreciation PlayAt a 0% gross rental yield, 402 E Chestnut St, Ness City, KS, 67560 in Ness City is priced for capital growth, not immediate cash flow. The $199,500 purchase reflects market confidence in future value: at 5%/yr, the property is forecast to gain $55,118 by year five, with $1,837/yr in additional equity from loan paydown. Ziffy Mortgage's DSCR mortgage (0.00) qualifies for non-U.S. residents without personal income documents.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 0% | 6.2% |
| Monthly Cash Flow | $0 | $450 |
City averages based on Ness City market data in our database. Property projections are estimates.
Single Family
Built in 1929
0.40 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 67560, Ness City, KS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 859 (100%) |
| Owner Occupied HU | 571 (66.5%) |
| Renter Occupied HU | 147 (17.1%) |
| Vacant Housing Units | 141 (16.4%) |
| Median Home Value | $114,509 |
| Average Home Value | $159,046 |
Housing Distribution
Address Breakdown
Residential
667
Single Family
637
Multi-Family
30
Businesses
122
Nearby investment properties with comparable rents
No similar rental properties found nearby.
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 1929
0.40 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 67560, Ness City, KS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 859 (100%) |
| Owner Occupied HU | 571 (66.5%) |
| Renter Occupied HU | 147 (17.1%) |
| Vacant Housing Units | 141 (16.4%) |
| Median Home Value | $114,509 |
| Average Home Value | $159,046 |
Housing Distribution
Address Breakdown
Residential
667
Single Family
637
Multi-Family
30
Businesses
122
Nearby investment properties with comparable rents
No similar rental properties found nearby.
Nearby investment properties with comparable prices
Listed by: Shelly Jones • RE/MAX Pro
Mls Name: Western Kansas AOR
Mls Provider:
Mls ID: #204922
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