402 W Avenue CLakinKS67860
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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 Lakin at 402 W Avenue C, Lakin, KS, 67860 offers a 7.72% rental yield on a $190,000 purchase with $1,223/mo rent. 13% in year one. Equity gained on principal adds $1,226/yr while 5% annual appreciation supports $52,494 over five years. Portfolio math shows five-year ROI at 99.24% and total cumulative return in cash at $62,508. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,223/mo property income against a $930/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Manufactured
Built in N/A
0.26 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 67860, Lakin, KS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,189 (100%) |
| Owner Occupied HU | 779 (65.5%) |
| Renter Occupied HU | 296 (24.9%) |
| Vacant Housing Units | 114 ( 9.6%) |
| Median Home Value | $210,592 |
| Average Home Value | $214,178 |
Housing Distribution
Address Breakdown
Residential
357
Single Family
357
Multi-Family
0
Businesses
131
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