505 S Elm StPittsburgKS66762
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeAt $116,000, 505 S Elm St, Pittsburg, KS, 66762 in Pittsburg generates $832/mo in rent (8.6% yield) but nets only $60/mo after debt service. The spread is thin, manageable for investors comfortable with low-margin holds who are buying into the 5% annual appreciation thesis. Ziffy Mortgage's DSCR loan (1.59) allows non-U.S. residents to acquire without personal income checks. A larger down payment reduces the monthly debt load and widens the margin. Five-year appreciation: $32,049. Total projected return: $48,123.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 8.6% | 7.8% |
| Monthly Cash Flow | $60 | $350 |
City averages based on Pittsburg market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $832 |
| Total Monthly Debt Service | $726 |
| DSCR Ratio | 1.15x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in N/A
1,448 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 66762, Pittsburg, KS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,800 (100%) |
| Owner Occupied HU | 5,034 (42.7%) |
| Renter Occupied HU | 5,147 (43.6%) |
| Vacant Housing Units | 1,619 (13.7%) |
| Median Home Value | $175,694 |
| Average Home Value | $211,929 |
Housing Distribution
Address Breakdown
Residential
10,422
Single Family
10,032
Multi-Family
390
Businesses
976
Nearby investment properties with comparable rents
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
Single Family
Built in N/A
1,448 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 66762, Pittsburg, KS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,800 (100%) |
| Owner Occupied HU | 5,034 (42.7%) |
| Renter Occupied HU | 5,147 (43.6%) |
| Vacant Housing Units | 1,619 (13.7%) |
| Median Home Value | $175,694 |
| Average Home Value | $211,929 |
Housing Distribution
Address Breakdown
Residential
10,422
Single Family
10,032
Multi-Family
390
Businesses
976
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices