517 Soderberg StLakinKS67860
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 Lakin at 517 Soderberg St, Lakin, KS, 67860 priced at $180,000 converts $1,442/mo rent into $245/mo cash flow after a $881/mo obligation. Total monthly income equals $1,442/mo, and annual cash flow totals $2,934/yr on $59,670 invested. Return on cash invested prints 24.83% in year one, and rental yield reads 9.61% against a $180,000 entry. Equity gained on principal adds $1,162/yr, while 5% annual appreciation compiles into $49,731 by year five. Five-year ROI reaches 129.86% and total cumulative return in cash sums $77,489. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,442/mo property income covering a $881/mo payment, not borrower’s personal income.
Manufactured
Built in 1977
0.39 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 67860, Lakin, KS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,189 (100%) |
| Owner Occupied HU | 779 (65.5%) |
| Renter Occupied HU | 296 (24.9%) |
| Vacant Housing Units | 114 ( 9.6%) |
| Median Home Value | $210,592 |
| Average Home Value | $214,178 |
Housing Distribution
Address Breakdown
Residential
357
Single Family
357
Multi-Family
0
Businesses
131
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