511 S State StYates CenterKS66783
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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 Yates Center at 511 S State St, Yates Center, KS, 66783 offers $630/mo rent that, after a $744/mo payment. Total monthly income is $630/mo. Return on cash invested measures 10.83% in year one, and rental yield stands at 4.97% at a $152,000 entry. Equity gained on principal adds $981/yr while 5% annual appreciation compounds into $41,995 by year five. Five-year ROI records 54.77% and total cumulative return in cash reaches $27,598. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $630/mo property income versus a $744/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1910
0.64 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 66783, Yates Center, KS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,123 (100%) |
| Owner Occupied HU | 724 (64.5%) |
| Renter Occupied HU | 186 (16.6%) |
| Vacant Housing Units | 213 (19.0%) |
| Median Home Value | $85,000 |
| Average Home Value | $152,486 |
Housing Distribution
Address Breakdown
Residential
960
Single Family
956
Multi-Family
4
Businesses
126
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Listed by: Beth Mersman • The Kansas Property Place
Mls Name: Heartland MLS as distributed by MLS GRID
Mls ID: #2536451