423 W State StLindsborgKS67456
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeThis is a cash-flow-light asset: 423 W State St, Lindsborg, KS, 67456 in Lindsborg, $319,000, 8.56% gross yield, $148/mo net income. Consider it a market-entry position, the $2,276/mo rent covers the $1,434/mo payment with a margin, and 5%/yr appreciation is projected to add $88,134 to the asset's value over five years. Ziffy Mortgage approves DSCR loans (coverage 1.59) for non-U.S. residents without domestic income documentation. Consider a higher down payment to widen the monthly margin. Total projected return: $131,211.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 8.6% | 6.5% |
| Monthly Cash Flow | $148 | $450 |
City averages based on Lindsborg market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,276 |
| Total Monthly Debt Service | $2,001 |
| DSCR Ratio | 1.14x |
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 1872
0.30 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 67456, Lindsborg, KS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,954 (100%) |
| Owner Occupied HU | 1,330 (68.1%) |
| Renter Occupied HU | 448 (22.9%) |
| Vacant Housing Units | 176 ( 9.0%) |
| Median Home Value | $201,747 |
| Average Home Value | $223,299 |
Housing Distribution
Address Breakdown
Residential
1,855
Single Family
1,817
Multi-Family
38
Businesses
187
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 1872
0.30 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 67456, Lindsborg, KS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,954 (100%) |
| Owner Occupied HU | 1,330 (68.1%) |
| Renter Occupied HU | 448 (22.9%) |
| Vacant Housing Units | 176 ( 9.0%) |
| Median Home Value | $201,747 |
| Average Home Value | $223,299 |
Housing Distribution
Address Breakdown
Residential
1,855
Single Family
1,817
Multi-Family
38
Businesses
187
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Mari Loder • Coldwell Banker Antrim Piper Wenger REALTORS
Mls Name: Mid Kansas MLS & Prairie Land Realtors
Mls ID: #51659
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.