605 Terrace DrPrattKS67124
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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 Pratt at 605 Terrace Dr, Pratt, KS, 67124 offers $2,156/mo rent that, after a $1,136/mo payment, leaves $612/mo cash flow. Total monthly income is $2,156/mo, and annual cash flow is $7,345/yr on $76,908 cash. Return on cash invested measures 29.46% in year one, and rental yield stands at 11.15% at a $232,000 entry. Equity gained on principal adds $1,497/yr while 5% annual appreciation compounds into $64,097 by year five. Five-year ROI records 154.72% and total cumulative return in cash reaches $118,991. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,156/mo property income versus a $1,136/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1954
0.56 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 67124, Pratt, KS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,736 (100%) |
| Owner Occupied HU | 2,258 (60.4%) |
| Renter Occupied HU | 905 (24.2%) |
| Vacant Housing Units | 573 (15.3%) |
| Median Home Value | $125,806 |
| Average Home Value | $176,372 |
Housing Distribution
Address Breakdown
Residential
3,392
Single Family
3,260
Multi-Family
132
Businesses
468
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Listed by: Jamie Froetschner • Carr Auction & Real Estate - Pratt
Mls Name: Mid Kansas MLS & Prairie Land Realtors
Mls ID: #52284
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.