607 Ohio StAlmaKS66401
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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 Alma at 607 Ohio St, Alma, KS, 66401 generates $2,242/mo in rent and, after a $1,494/mo payment, leaves $167/mo in cash flow. Total monthly income is $2,242/mo, and annual cash flow is $2,002/yr on $101,174 invested. Return on cash invested sits at 21.89% in year one, and rental yield is 8.82% on a $305,200 entry. Equity gained on principal adds $1,969/yr, while 5% annual appreciation builds toward $84,321 over five years. Five-year ROI reaches 114.26% and total cumulative return in cash sums $115,596. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,242/mo property income rather than buyer’s personal income.
Single Family
Built in 1900
9,147 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 66401, Alma, KS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 970 (100%) |
| Owner Occupied HU | 620 (63.9%) |
| Renter Occupied HU | 127 (13.1%) |
| Vacant Housing Units | 223 (23.0%) |
| Median Home Value | $164,394 |
| Average Home Value | $225,742 |
Housing Distribution
Address Breakdown
Residential
637
Single Family
637
Multi-Family
0
Businesses
63
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