602 W 6th StConcordiaKS66901
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 Concordia at 602 W 6th St, Concordia, KS, 66901 priced at $112,000 pairs $720/mo rent with after a $548/mo payment. Total monthly income equals $720/mo. Return on cash invested is 19.1% in year one, and rental yield stands at 7.71% on a $112,000 basis. Equity gained on principal adds $723/yr, and 5% annual appreciation accumulates to $30,944 by year five. Five-year ROI measures 99.23% and total cumulative return in cash reaches $36,843. For financing, Ziffy Mortgage’s DSCR program evaluates $720/mo property income against a $548/mo payment instead of your W2s, 1099s, or Tax returns.
Multi Family
Built in 1890
5,898 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 66901, Concordia, KS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,027 (100%) |
| Owner Occupied HU | 1,671 (55.2%) |
| Renter Occupied HU | 819 (27.1%) |
| Vacant Housing Units | 537 (17.7%) |
| Median Home Value | $113,170 |
| Average Home Value | $147,044 |
Housing Distribution
Address Breakdown
Residential
2,734
Single Family
2,701
Multi-Family
33
Businesses
372
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Laura Krier • EXP Realty LLC
Mls Name: GPMLS
Mls Provider:
Mls ID: #211832
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.