603 Martindale StBurlingtonKS66839
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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 Burlington at 603 Martindale St, Burlington, KS, 66839 offers a 5.05% rental yield on a $285,000 purchase with $1,200/mo rent. 07% in year one. Equity gained on principal adds $1,839/yr while 5% annual appreciation supports $78,740 over five years. Portfolio math shows five-year ROI at 56.02% and total cumulative return in cash at $52,926. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,200/mo property income against a $1,395/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1963
0.48 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 66839, Burlington, KS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,932 (100%) |
| Owner Occupied HU | 1,210 (62.6%) |
| Renter Occupied HU | 473 (24.5%) |
| Vacant Housing Units | 249 (12.9%) |
| Median Home Value | $162,366 |
| Average Home Value | $190,483 |
Housing Distribution
Address Breakdown
Residential
1,802
Single Family
1,753
Multi-Family
49
Businesses
219
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Listed by: Sara Hogelin • KW Diamond Partners
Mls Name: Sunflower AOR
Mls ID: #242128