517 S Mariner DrSilver LakeKS66539
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 Silver Lake at 517 S Mariner Dr, Silver Lake, KS, 66539 priced at $319,900 pairs $2,429/mo rent with $300/mo cash flow after a $1,566/mo payment. Total monthly income equals $2,429/mo, and annual cash flow comes to $3,597/yr on $106,047 invested. Return on cash invested is 23.3% in year one, and rental yield stands at 9.11% on a $319,900 basis. Equity gained on principal adds $2,064/yr, and 5% annual appreciation accumulates to $88,382 by year five. Five-year ROI measures 121.64% and total cumulative return in cash reaches $128,996. For financing, Ziffy Mortgage’s DSCR program evaluates $2,429/mo property income against a $1,566/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1975
0.37 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 66539, Silver Lake, KS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,179 (100%) |
| Owner Occupied HU | 891 (75.6%) |
| Renter Occupied HU | 231 (19.6%) |
| Vacant Housing Units | 57 ( 4.8%) |
| Median Home Value | $272,978 |
| Average Home Value | $300,320 |
Housing Distribution
Address Breakdown
Residential
985
Single Family
985
Multi-Family
0
Businesses
60
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: George Warren • Coldwell Banker American Home
Mls Name: Sunflower AOR
Mls Provider:
Mls ID: #241437
Disclaimer: IDX information is provided exclusively for consumers personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the MLS.