507 Nebraska AvePhillipsburgKS67661
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
Investment Highlights
Rental property for sale in Phillipsburg at 507 Nebraska Ave, Phillipsburg, KS, 67661 offers $1,238/mo rent that, after a $778/mo payment, leaves $180/mo cash flow. Total monthly income is $1,238/mo, and annual cash flow is $2,165/yr on $52,709 cash. Return on cash invested measures 24.02% in year one, and rental yield stands at 9.34% at a $159,000 entry. Equity gained on principal adds $1,026/yr while 5% annual appreciation compounds into $43,929 by year five. Five-year ROI records 125.53% and total cumulative return in cash reaches $66,168. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,238/mo property income versus a $778/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1958
6,580 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 67661, Phillipsburg, KS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,676 (100%) |
| Owner Occupied HU | 1,010 (60.3%) |
| Renter Occupied HU | 367 (21.9%) |
| Vacant Housing Units | 299 (17.8%) |
| Median Home Value | $104,703 |
| Average Home Value | $155,842 |
Housing Distribution
Address Breakdown
Residential
1,424
Single Family
1,421
Multi-Family
3
Businesses
221
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Listed by: Jessica Hindman • 4C Land & Auction, LLC
Mls Name: My State MLS
Mls ID: #11599929