404 S Gardner StSharon SpringsKS67758
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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 Sharon Springs at 404 S Gardner St, Sharon Springs, KS, 67758 generates $1,225/mo in rent, after a $954/mo payment. Total monthly income is $1,225/mo. Return on cash invested sits at 18.57% in year one, and rental yield is 7.54% on a $195,000 entry. Equity gained on principal adds $1,258/yr, while 5% annual appreciation builds toward $53,875 over five years. Five-year ROI reaches 96.36% and total cumulative return in cash sums $62,290. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,225/mo property income rather than buyer’s personal income.
Single Family
Built in 1908
0.35 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 67758, Sharon Springs, KS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 485 (100%) |
| Owner Occupied HU | 308 (63.5%) |
| Renter Occupied HU | 101 (20.8%) |
| Vacant Housing Units | 76 (15.7%) |
| Median Home Value | $98,000 |
| Average Home Value | $161,802 |
Housing Distribution
Address Breakdown
Residential
226
Single Family
226
Multi-Family
0
Businesses
82
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Listed by: Debbie Reed • Hayden Outdoors Real Estate
Mls Name: NY State MLS
Mls ID: #11635242