604 N 3rd StLincolnKS67455
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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 Lincoln at 604 N 3rd St, Lincoln, KS, 67455 generates $1,003/mo in rent and, after a $734/mo payment, leaves $5/mo in cash flow. Total monthly income is $1,003/mo, and annual cash flow is $63/yr on $49,725 invested. Return on cash invested sits at 20.04% in year one, and rental yield is 8.02% on a $150,000 entry. Equity gained on principal adds $968/yr, while 5% annual appreciation builds toward $41,442 over five years. Five-year ROI reaches 104.19% and total cumulative return in cash sums $51,810. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,003/mo property income rather than buyer’s personal income.
Single Family
Built in 1925
7,840 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 67455, Lincoln, KS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 956 (100%) |
| Owner Occupied HU | 574 (60.0%) |
| Renter Occupied HU | 176 (18.4%) |
| Vacant Housing Units | 206 (21.5%) |
| Median Home Value | $93,043 |
| Average Home Value | $118,702 |
Housing Distribution
Address Breakdown
Residential
811
Single Family
780
Multi-Family
31
Businesses
133
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