403 Broadway AveGoodlandKS67735
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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 Goodland at 403 Broadway Ave, Goodland, KS, 67735 uses $37,791 cash to close to unlock $3,475/yr annual cash flow and $290/mo monthly cash flow. Total monthly income runs $1,048/mo, and a $558/mo payment keeps the spread at $290/mo. Purchase price stands at $114,000, and rental yield measures 11.03% with $1,048/mo rent. Return on cash invested shows 29.1% in year one, and 5% annual appreciation builds toward $31,496 over five years. Five-year ROI reaches 152.85% and total cumulative return in cash records $57,763. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,048/mo property income covering a $558/mo payment rather than investor’s personal income.
Single Family
Built in 1952
8,398 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 67735, Goodland, KS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,655 (100%) |
| Owner Occupied HU | 1,487 (56.0%) |
| Renter Occupied HU | 715 (26.9%) |
| Vacant Housing Units | 453 (17.1%) |
| Median Home Value | $154,025 |
| Average Home Value | $176,907 |
Housing Distribution
Address Breakdown
Residential
2,473
Single Family
2,376
Multi-Family
97
Businesses
385
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Listed by: Donna Moore • Richardson's Homestead Realty
Mls Name: Goodland Property Ads
Mls ID: #16581
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.