515 W Spruce StJunction CityKS66441
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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 Junction City at 515 W Spruce St, Junction City, KS, 66441 uses $72,897 cash to close to unlock $1,264/yr annual cash flow and $105/mo monthly cash flow. Total monthly income runs $1,568/mo, and a $1,076/mo payment keeps the spread at $105/mo. Purchase price stands at $219,900, and rental yield measures 8.56% with $1,568/mo rent. Return on cash invested shows 21.64% in year one, and 5% annual appreciation builds toward $60,754 over five years. Five-year ROI reaches 112.78% and total cumulative return in cash records $82,216. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,568/mo property income covering a $1,076/mo payment rather than investor’s personal income.
Single Family
Built in 1953
6,969 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 66441, Junction City, KS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,761 (100%) |
| Owner Occupied HU | 5,123 (40.1%) |
| Renter Occupied HU | 5,432 (42.6%) |
| Vacant Housing Units | 2,206 (17.3%) |
| Median Home Value | $172,422 |
| Average Home Value | $196,382 |
Housing Distribution
Address Breakdown
Residential
11,704
Single Family
10,663
Multi-Family
1,041
Businesses
881
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Listed by: Kayla Whitebread • RE/MAX Signature Properties
Mls Name: FHARMLS
Mls ID: #20253108