602 N Logan AveBeloitKS67420
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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 Beloit at 602 N Logan Ave, Beloit, KS, 67420 offers $2,288/mo rent that, after a $825/mo payment, leaves $1,069/mo cash flow. Total monthly income is $2,288/mo, and annual cash flow is $12,828/yr on $55,858 cash. Return on cash invested measures 42.87% in year one, and rental yield stands at 16.29% at a $168,500 entry. Equity gained on principal adds $1,087/yr while 5% annual appreciation compounds into $46,553 by year five. Five-year ROI records 227.37% and total cumulative return in cash reaches $127,002. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,288/mo property income versus a $825/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1979
0.25 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 67420, Beloit, KS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,246 (100%) |
| Owner Occupied HU | 1,353 (60.2%) |
| Renter Occupied HU | 515 (22.9%) |
| Vacant Housing Units | 378 (16.8%) |
| Median Home Value | $123,977 |
| Average Home Value | $177,147 |
Housing Distribution
Address Breakdown
Residential
1,924
Single Family
1,906
Multi-Family
18
Businesses
253
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