502 N 2nd StLincolnKS67455
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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 Lincoln at 502 N 2nd St, Lincoln, KS, 67455 priced at $185,000 converts $1,385/mo rent into $155/mo cash flow after a $905/mo obligation. Total monthly income equals $1,385/mo, and annual cash flow totals $1,856/yr on $61,328 invested. Return on cash invested prints 22.94% in year one, and rental yield reads 8.98% against a $185,000 entry. Equity gained on principal adds $1,194/yr, while 5% annual appreciation compiles into $51,112 by year five. Five-year ROI reaches 119.7% and total cumulative return in cash sums $73,407. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,385/mo property income covering a $905/mo payment, not borrower’s personal income.
Single Family
Built in 1920
10,000 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 67455, Lincoln, KS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 956 (100%) |
| Owner Occupied HU | 574 (60.0%) |
| Renter Occupied HU | 176 (18.4%) |
| Vacant Housing Units | 206 (21.5%) |
| Median Home Value | $93,043 |
| Average Home Value | $118,702 |
Housing Distribution
Address Breakdown
Residential
811
Single Family
780
Multi-Family
31
Businesses
133
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