507 N 9th StGarden CityKS67846
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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 Garden City at 507 N 9th St, Garden City, KS, 67846 priced at $179,900 converts $1,417/mo rent into $220/mo cash flow after a $881/mo obligation. Total monthly income equals $1,417/mo, and annual cash flow totals $2,636/yr on $59,637 invested. Return on cash invested prints 24.33% in year one, and rental yield reads 9.45% against a $179,900 entry. Equity gained on principal adds $1,161/yr, while 5% annual appreciation compiles into $49,703 by year five. Five-year ROI reaches 127.19% and total cumulative return in cash sums $75,849. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,417/mo property income covering a $881/mo payment, not borrower’s personal income.
Single Family
Built in 1901
7,361 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 67846, Garden City, KS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,216 (100%) |
| Owner Occupied HU | 7,551 (57.1%) |
| Renter Occupied HU | 4,505 (34.1%) |
| Vacant Housing Units | 1,160 ( 8.8%) |
| Median Home Value | $220,198 |
| Average Home Value | $253,183 |
Housing Distribution
Address Breakdown
Residential
12,610
Single Family
11,904
Multi-Family
706
Businesses
1,517
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Listed by: Ruben Montoya • Envision Real Estate
Mls Name: GCMLS, GARD
Mls Provider:
Mls ID: #100183
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.