602 N Walnut StBeloitKS67420
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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 Beloit at 602 N Walnut St, Beloit, KS, 67420 with 5% annual appreciation on a $250,000 basis while $2,334/mo rent supports operations. Total monthly income totals $2,334/mo and a $1,224/mo payment preserves $670/mo for cash returns. Annual cash flow comes to $8,045/yr on $82,875 deployed, and return on cash invested reaches 29.62% in year one. Equity gained on principal adds $1,613/yr, and five-year appreciation sums $69,070 alongside rental yield of 11.2%. Five-year ROI measures 155.54% and total cumulative return in cash totals $128,902.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $2,334/mo property income versus a $1,224/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1918
0.33 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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