440 N Riddle AveColbyKS67701
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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 Colby at 440 N Riddle Ave, Colby, KS, 67701 generates $1,379/mo in rent and, after a $722/mo payment, leaves $398/mo in cash flow. Total monthly income is $1,379/mo, and annual cash flow is $4,772/yr on $48,896 invested. Return on cash invested sits at 29.67% in year one, and rental yield is 11.22% on a $147,500 entry. Equity gained on principal adds $952/yr, while 5% annual appreciation builds toward $40,752 over five years. Five-year ROI reaches 155.79% and total cumulative return in cash sums $76,177. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,379/mo property income rather than buyer’s personal income.
Single Family
Built in 1930
4,791 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 67701, Colby, KS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,016 (100%) |
| Owner Occupied HU | 1,828 (60.6%) |
| Renter Occupied HU | 817 (27.1%) |
| Vacant Housing Units | 371 (12.3%) |
| Median Home Value | $188,189 |
| Average Home Value | $218,141 |
Housing Distribution
Address Breakdown
Residential
2,843
Single Family
2,755
Multi-Family
88
Businesses
602
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