507 Ridgeway AvePrattKS67124
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 Pratt at 507 Ridgeway Ave, Pratt, KS, 67124 priced at $299,000 converts $2,047/mo rent into $58/mo cash flow after a $1,463/mo obligation. Total monthly income equals $2,047/mo, and annual cash flow totals $699/yr on $99,119 invested. Return on cash invested prints 20.61% in year one, and rental yield reads 8.22% against a $299,000 entry. Equity gained on principal adds $1,929/yr, while 5% annual appreciation compiles into $82,608 by year five. Five-year ROI reaches 107.28% and total cumulative return in cash sums $106,330. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,047/mo property income covering a $1,463/mo payment, not borrower’s personal income.
Single Family
Built in 1983
0.27 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 67124, Pratt, KS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,736 (100%) |
| Owner Occupied HU | 2,258 (60.4%) |
| Renter Occupied HU | 905 (24.2%) |
| Vacant Housing Units | 573 (15.3%) |
| Median Home Value | $125,806 |
| Average Home Value | $176,372 |
Housing Distribution
Address Breakdown
Residential
3,392
Single Family
3,260
Multi-Family
132
Businesses
468
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