602 W Fair StGarden CityKS67846
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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
Rental property for sale in Garden City at 602 W Fair St, Garden City, KS, 67846 generates $1,898/mo in rent, after a $1,443/mo payment. Total monthly income is $1,898/mo. Return on cash invested sits at 19.13% in year one, and rental yield is 7.72% on a $294,900 entry. Equity gained on principal adds $1,903/yr, while 5% annual appreciation builds toward $81,475 over five years. Five-year ROI reaches 99.28% and total cumulative return in cash sums $97,051. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,898/mo property income rather than buyer’s personal income.
Single Family
Built in 1974
0.32 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 67846, Garden City, KS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,216 (100%) |
| Owner Occupied HU | 7,551 (57.1%) |
| Renter Occupied HU | 4,505 (34.1%) |
| Vacant Housing Units | 1,160 ( 8.8%) |
| Median Home Value | $220,198 |
| Average Home Value | $253,183 |
Housing Distribution
Address Breakdown
Residential
12,610
Single Family
11,904
Multi-Family
706
Businesses
1,517
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Listed by: Laya Martial • Heritage Realty Co
Mls Name: GCMLS, GARD
Mls Provider:
Mls ID: #21924
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.