405 S Summit StGirardKS66743
INVESTMENT ANALYSIS
Investment Verdict
Solid Income405 S Summit St, Girard, KS, 66743 in Girard earns a respectable 9.01% gross yield at $169,600, but after the $763/mo mortgage the net cash flow is $145/mo, a tight but positive spread. Expense discipline (vacancy, management, maintenance) will determine whether the margin widens. Ziffy Mortgage's DSCR mortgage (1.67) still qualifies on property income; a larger down payment can improve the cash-flow buffer. Long-term, 5% appreciation projects $46,857 over five years, making equity the dominant return driver. Total projected return: $73,956.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 9% | 7.0% |
| Monthly Cash Flow | $145 | $350 |
City averages based on Girard market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,273 |
| Total Monthly Debt Service | $1,061 |
| DSCR Ratio | 1.20x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 1967
10,450 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 66743, Girard, KS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,890 (100%) |
| Owner Occupied HU | 1,250 (66.1%) |
| Renter Occupied HU | 474 (25.1%) |
| Vacant Housing Units | 166 ( 8.8%) |
| Median Home Value | $151,656 |
| Average Home Value | $193,430 |
Housing Distribution
Address Breakdown
Residential
1,741
Single Family
1,715
Multi-Family
26
Businesses
186
Nearby investment properties with comparable rents
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 1967
10,450 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 66743, Girard, KS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,890 (100%) |
| Owner Occupied HU | 1,250 (66.1%) |
| Renter Occupied HU | 474 (25.1%) |
| Vacant Housing Units | 166 ( 8.8%) |
| Median Home Value | $151,656 |
| Average Home Value | $193,430 |
Housing Distribution
Address Breakdown
Residential
1,741
Single Family
1,715
Multi-Family
26
Businesses
186
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
