602 Wichita AveKinsleyKS67547
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeTight but positive: 602 Wichita Ave, Kinsley, KS, 67547 in Kinsley at $165,000 earns $1,275/mo in rent and nets $177/mo after the $742/mo payment, a 9.27% yield with limited short-term income headroom. The equity story offsets the thin monthly spread: 5% annual appreciation adds $45,586 over five years. Ziffy Mortgage underwrites this on a 1.72 DSCR without U.S. credit history. With $1,520/yr in principal paydown, total projected return reaches $74,318.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 9.3% | 9.0% |
| Monthly Cash Flow | $177 | $350 |
City averages based on Kinsley market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,275 |
| Total Monthly Debt Service | $1,032 |
| DSCR Ratio | 1.24x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 1957
0.25 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 67547, Kinsley, KS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 964 (100%) |
| Owner Occupied HU | 569 (59.0%) |
| Renter Occupied HU | 186 (19.3%) |
| Vacant Housing Units | 209 (21.7%) |
| Median Home Value | $67,411 |
| Average Home Value | $105,242 |
Housing Distribution
Address Breakdown
Residential
845
Single Family
816
Multi-Family
29
Businesses
116
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
Single Family
Built in 1957
0.25 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 67547, Kinsley, KS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 964 (100%) |
| Owner Occupied HU | 569 (59.0%) |
| Renter Occupied HU | 186 (19.3%) |
| Vacant Housing Units | 209 (21.7%) |
| Median Home Value | $67,411 |
| Average Home Value | $105,242 |
Housing Distribution
Address Breakdown
Residential
845
Single Family
816
Multi-Family
29
Businesses
116
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Lisa M Schartz • Picket Fence Real Estate LLC
Mls Name: HAYS
Mls Provider:
Mls ID: #203795
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.