603 N 3rd 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 N 3rd St, Burlington, KS, 66839 uses $33,150 cash to close to unlock $1,382/yr annual cash flow and $115/mo monthly cash flow. Total monthly income runs $780/mo, and a $489/mo payment keeps the spread at $115/mo. Purchase price stands at $100,000, and rental yield measures 9.36% with $780/mo rent. Return on cash invested shows 24.08% in year one, and 5% annual appreciation builds toward $27,628 over five years. Five-year ROI reaches 125.95% and total cumulative return in cash records $41,752. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $780/mo property income covering a $489/mo payment rather than investor’s personal income.
Single Family
Built in 1855
8,400 sqft 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: Shalena Rohrer • TrustPoint Real Estate
Mls Name: Heartland MLS as distributed by MLS GRID
Mls ID: #2571309