504 Washington AveGoodlandKS67735
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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
Investment Highlights
Rental property for sale in Goodland at 504 Washington Ave, Goodland, KS, 67735 offers $2,101/mo rent that, after a $1,064/mo payment, leaves $518/mo cash flow. Total monthly income is $2,101/mo, and annual cash flow is $6,213/yr on $72,068 cash. Return on cash invested measures 28.53% in year one, and rental yield stands at 11.6% at a $217,400 entry. Equity gained on principal adds $1,403/yr while 5% annual appreciation compounds into $60,064 by year five. Five-year ROI records 150.52% and total cumulative return in cash reaches $108,479. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,101/mo property income versus a $1,064/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1975
0.28 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 67735, Goodland, KS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,655 (100%) |
| Owner Occupied HU | 1,487 (56.0%) |
| Renter Occupied HU | 715 (26.9%) |
| Vacant Housing Units | 453 (17.1%) |
| Median Home Value | $154,025 |
| Average Home Value | $176,907 |
Housing Distribution
Address Breakdown
Residential
2,473
Single Family
2,376
Multi-Family
97
Businesses
385
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