505 S Lakin StLakinKS67860
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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 Lakin at 505 S Lakin St, Lakin, KS, 67860 uses $56,355 cash to close to unlock $1,249/yr annual cash flow and $104/mo monthly cash flow. Total monthly income runs $1,235/mo, and a $832/mo payment keeps the spread at $104/mo. Purchase price stands at $170,000, and rental yield measures 8.72% with $1,235/mo rent. Return on cash invested shows 22.13% in year one, and 5% annual appreciation builds toward $46,968 over five years. Five-year ROI reaches 115.41% and total cumulative return in cash records $65,037. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,235/mo property income covering a $832/mo payment rather than investor’s personal income.
Single Family
Built in 1949
9,321 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 67860, Lakin, KS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,189 (100%) |
| Owner Occupied HU | 779 (65.5%) |
| Renter Occupied HU | 296 (24.9%) |
| Vacant Housing Units | 114 ( 9.6%) |
| Median Home Value | $210,592 |
| Average Home Value | $214,178 |
Housing Distribution
Address Breakdown
Residential
357
Single Family
357
Multi-Family
0
Businesses
131
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Listed by: Jerry Penner • Fresh Move Realty, Inc
Mls Name: GCMLS, GARD
Mls Provider:
Mls ID: #100451
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.