506 E 7th StHarperKS67058
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeInvestors who treat current yield as secondary to long-run equity growth will find 506 E 7th St, Harper, KS, 67058 in Harper worth modelling. At $179,000 with a 8.88% gross yield, the $1,325/mo rent leaves $134/mo after the $805/mo payment, sufficient to cover costs, modest in distribution. Ziffy Mortgage's 1.65 DSCR loan can finance the acquisition without personal income documentation. Appreciation of 5%/yr is projected to add $49,454 by year five; $1,649/yr in principal reduction adds further equity. Total projected return: $76,887.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 8.9% | 6.5% |
| Monthly Cash Flow | $134 | $350 |
City averages based on Harper market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,325 |
| Total Monthly Debt Service | $1,120 |
| DSCR Ratio | 1.18x |
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 1920
1 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 67058, Harper, KS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,021 (100%) |
| Owner Occupied HU | 585 (57.3%) |
| Renter Occupied HU | 224 (21.9%) |
| Vacant Housing Units | 212 (20.8%) |
| Median Home Value | $103,409 |
| Average Home Value | $135,226 |
Housing Distribution
Address Breakdown
Residential
881
Single Family
881
Multi-Family
0
Businesses
111
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 1920
1 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 67058, Harper, KS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,021 (100%) |
| Owner Occupied HU | 585 (57.3%) |
| Renter Occupied HU | 224 (21.9%) |
| Vacant Housing Units | 212 (20.8%) |
| Median Home Value | $103,409 |
| Average Home Value | $135,226 |
Housing Distribution
Address Breakdown
Residential
881
Single Family
881
Multi-Family
0
Businesses
111
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices