424 N Cedar StGarnettKS66032
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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
Rental property for sale in Garnett at 424 N Cedar St, Garnett, KS, 66032 priced at $296,300 converts $1,596/mo rent into after a $1,450/mo obligation. Total monthly income equals $1,596/mo. Return on cash invested prints 15.33% in year one, and rental yield reads 6.46% against a $296,300 entry. Equity gained on principal adds $1,912/yr, while 5% annual appreciation compiles into $81,862 by year five. Five-year ROI reaches 78.94% and total cumulative return in cash sums $77,534. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,596/mo property income covering a $1,450/mo payment, not borrower’s personal income.
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
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