505 N Gardner StSyracuseKS67878
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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
Investment property for sale in Syracuse at 505 N Gardner St, Syracuse, KS, 67878 offers a 8.37% rental yield on a $215,000 purchase with $1,500/mo rent. Total monthly income registers $1,500/mo, and a $1,052/mo payment leaves $70/mo available for distribution. Annual cash flow reaches $839/yr on $71,273 to close, and return on cash invested stands at 21.09% in year one. Equity gained on principal adds $1,387/yr while 5% annual appreciation supports $59,401 over five years. Portfolio math shows five-year ROI at 109.74% and total cumulative return in cash at $78,217. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,500/mo property income against a $1,052/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1931
10,454 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 67878, Syracuse, KS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 997 (100%) |
| Owner Occupied HU | 593 (59.5%) |
| Renter Occupied HU | 249 (25.0%) |
| Vacant Housing Units | 155 (15.5%) |
| Median Home Value | $147,569 |
| Average Home Value | $174,321 |
Housing Distribution
Address Breakdown
Residential
48
Single Family
46
Multi-Family
2
Businesses
122
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Listed by: Brenda Navarrete • New Image Realty
Mls Name: GCMLS, GARD
Mls Provider:
Mls ID: #21675
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.