603 S Walnut StGarnettKS66032
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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
Investment Highlights
Rental property for sale in Garnett at 603 S Walnut St, Garnett, KS, 66032 offers $836/mo rent that, after a $538/mo payment, leaves $105/mo cash flow. Total monthly income is $836/mo, and annual cash flow is $1,255/yr on $36,465 cash. Return on cash invested measures 23.35% in year one, and rental yield stands at 9.12% at a $110,000 entry. Equity gained on principal adds $710/yr while 5% annual appreciation compounds into $30,391 by year five. Five-year ROI records 121.96% and total cumulative return in cash reaches $44,472. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $836/mo property income versus a $538/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1910
5,740 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 66032, Garnett, KS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,240 (100%) |
| Owner Occupied HU | 1,448 (64.6%) |
| Renter Occupied HU | 552 (24.6%) |
| Vacant Housing Units | 240 (10.7%) |
| Median Home Value | $158,007 |
| Average Home Value | $167,115 |
Housing Distribution
Address Breakdown
Residential
2,045
Single Family
1,968
Multi-Family
77
Businesses
223
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