424 N Cedar StGarnettKS66032
INVESTMENT ANALYSIS
Investment Verdict
Income-ProducingReliable and efficiently structured, 424 N Cedar St, Garnett, KS, 66032 in Garnett is a conservative rental investment at $296,300. Rental yield 6.46%. A 1.20 coverage ratio meets Ziffy Mortgage's DSCR standard for foreign-national financing. Five-year equity: 5% appreciation adds $81,862; $2,729/yr in principal paydown supplements. Total projected return: $88,885.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 6.5% | 6.5% |
| Monthly Cash Flow | $(375) | $400 |
City averages based on Garnett market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,596 |
| Total Monthly Debt Service | $1,853 |
| DSCR Ratio | 0.86x |
Ziffy Mortgage typically prefers a DSCR of 1.0+, but in some cases you may qualify with a DSCR below 1. To explore if this deal qualifies for an investment mortgage, 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
0.46 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 66032, Garnett, KS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,240 (100%) |
| Owner Occupied HU | 1,448 (64.6%) |
| Renter Occupied HU | 552 (24.6%) |
| Vacant Housing Units | 240 (10.7%) |
| Median Home Value | $158,007 |
| Average Home Value | $167,115 |
Housing Distribution
Address Breakdown
Residential
2,045
Single Family
1,968
Multi-Family
77
Businesses
223
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
0.46 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 66032, Garnett, KS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,240 (100%) |
| Owner Occupied HU | 1,448 (64.6%) |
| Renter Occupied HU | 552 (24.6%) |
| Vacant Housing Units | 240 (10.7%) |
| Median Home Value | $158,007 |
| Average Home Value | $167,115 |
Housing Distribution
Address Breakdown
Residential
2,045
Single Family
1,968
Multi-Family
77
Businesses
223
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices