506 E Kansas AveSmith CenterKS66967
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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 Smith Center at 506 E Kansas Ave, Smith Center, KS, 66967 listed at $107,150 pairs $1,752/mo rent with a $524/mo payment to leave $940/mo cash flow. Total monthly income runs $1,752/mo, and annual cash flow reaches $11,282/yr on $35,520 cash to close. Return on cash invested measures 51.67% in year one, and rental yield registers 19.62% at a $107,150 basis. Equity gained on principal adds $691/yr, and annual property appreciation at 5% supports $29,604 by year five. Five-year ROI tracks 275.08% and total cumulative return in cash totals $97,709. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,752/mo property income relative to a $524/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1968
0.25 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 66967, Smith Center, KS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,084 (100%) |
| Owner Occupied HU | 693 (63.9%) |
| Renter Occupied HU | 190 (17.5%) |
| Vacant Housing Units | 201 (18.5%) |
| Median Home Value | $108,494 |
| Average Home Value | $135,191 |
Housing Distribution
Address Breakdown
Residential
949
Single Family
879
Multi-Family
70
Businesses
158
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