603 S Minnesota AveColumbusKS66725
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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 Columbus at 603 S Minnesota Ave, Columbus, KS, 66725 generates $1,375/mo in rent and, after a $1,003/mo payment, leaves $12/mo in cash flow. Total monthly income is $1,375/mo, and annual cash flow is $138/yr on $67,958 invested. Return on cash invested sits at 20.11% in year one, and rental yield is 8.05% on a $205,000 entry. Equity gained on principal adds $1,323/yr, while 5% annual appreciation builds toward $56,638 over five years. Five-year ROI reaches 104.56% and total cumulative return in cash sums $71,058. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,375/mo property income rather than buyer’s personal income.
Single Family
Built in 1920
0.42 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 66725, Columbus, KS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,444 (100%) |
| Owner Occupied HU | 1,555 (63.6%) |
| Renter Occupied HU | 552 (22.6%) |
| Vacant Housing Units | 337 (13.8%) |
| Median Home Value | $123,670 |
| Average Home Value | $181,730 |
Housing Distribution
Address Breakdown
Residential
2,291
Single Family
2,291
Multi-Family
0
Businesses
233
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Listed by: Ariel Smith • KELLER WILLIAMS REALTY ELEVATE
Mls Name: Ozark Gateway AOR
Mls Provider:
Mls ID: #246577
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.