505 W Cleveland AveSterlingKS67579
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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 Sterling at 505 W Cleveland Ave, Sterling, KS, 67579 generates $1,840/mo in rent and, after a $1,312/mo payment, leaves $57/mo in cash flow. Total monthly income is $1,840/mo, and annual cash flow is $681/yr on $88,842 invested. Return on cash invested sits at 20.68% in year one, and rental yield is 8.24% on a $268,000 entry. Equity gained on principal adds $1,729/yr, while 5% annual appreciation builds toward $74,043 over five years. Five-year ROI reaches 107.55% and total cumulative return in cash sums $95,553. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,840/mo property income rather than buyer’s personal income.
Single Family
Built in 2011
0.53 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 67579, Sterling, KS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,252 (100%) |
| Owner Occupied HU | 840 (67.1%) |
| Renter Occupied HU | 262 (20.9%) |
| Vacant Housing Units | 150 (12.0%) |
| Median Home Value | $152,027 |
| Average Home Value | $187,149 |
Housing Distribution
Address Breakdown
Residential
1,174
Single Family
1,171
Multi-Family
3
Businesses
112
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Listed by: Melissa DeShon • Timber Oaks Realty, LLC
Mls Name: Mid Kansas MLS & Prairie Land Realtors
Mls ID: #52450
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.