405 Pine StSpearvilleKS67876
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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 Spearville at 405 Pine St, Spearville, KS, 67876 uses $42,764 cash to close to unlock $1,694/yr annual cash flow and $141/mo monthly cash flow. Total monthly income runs $999/mo, and a $631/mo payment keeps the spread at $141/mo. Purchase price stands at $129,000, and rental yield measures 9.29% with $999/mo rent. Return on cash invested shows 23.87% in year one, and 5% annual appreciation builds toward $35,640 over five years. Five-year ROI reaches 124.79% and total cumulative return in cash records $53,365. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $999/mo property income covering a $631/mo payment rather than investor’s personal income.
Single Family
Built in 1890
0.32 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 67876, Spearville, KS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 502 (100%) |
| Owner Occupied HU | 370 (73.7%) |
| Renter Occupied HU | 90 (17.9%) |
| Vacant Housing Units | 42 ( 8.4%) |
| Median Home Value | $265,625 |
| Average Home Value | $290,919 |
Housing Distribution
Address Breakdown
Residential
324
Single Family
320
Multi-Family
4
Businesses
43
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Listed by: Carolyn S Legg • Coldwell Banker Hancocks
Mls Name: Dodge City BOR
Mls ID: #14932
Disclaimer: Copyright Dodge City Board of Realtors. All rights reserved. Information is deemed reliable but not guaranteed.