407 S Broadway AveSterlingKS67579
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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 Sterling at 407 S Broadway Ave, Sterling, KS, 67579 uses $47,736 cash to close to unlock $5,278/yr annual cash flow and $440/mo monthly cash flow. Total monthly income runs $1,398/mo, and a $705/mo payment keeps the spread at $440/mo. Purchase price stands at $144,000, and rental yield measures 11.65% with $1,398/mo rent. Return on cash invested shows 30.96% in year one, and 5% annual appreciation builds toward $39,785 over five years. Five-year ROI reaches 162.76% and total cumulative return in cash records $77,694. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,398/mo property income covering a $705/mo payment rather than investor’s personal income.
Single Family
Built in 1900
0.34 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 67579, Sterling, KS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,252 (100%) |
| Owner Occupied HU | 840 (67.1%) |
| Renter Occupied HU | 262 (20.9%) |
| Vacant Housing Units | 150 (12.0%) |
| Median Home Value | $152,027 |
| Average Home Value | $187,149 |
Housing Distribution
Address Breakdown
Residential
1,174
Single Family
1,171
Multi-Family
3
Businesses
112
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