609 N 1st StCimarronKS67835
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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 Cimarron at 609 N 1st St, Cimarron, KS, 67835 priced at $249,000 converts $1,518/mo rent into after a $1,219/mo obligation. Total monthly income equals $1,518/mo. Return on cash invested prints 17.89% in year one, and rental yield reads 7.32% against a $249,000 entry. Equity gained on principal adds $1,607/yr, while 5% annual appreciation compiles into $68,794 by year five. Five-year ROI reaches 92.67% and total cumulative return in cash sums $76,496. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,518/mo property income covering a $1,219/mo payment, not borrower’s personal income.
Single Family
Built in 1956
9,638 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 67835, Cimarron, KS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,206 (100%) |
| Owner Occupied HU | 801 (66.4%) |
| Renter Occupied HU | 271 (22.5%) |
| Vacant Housing Units | 134 (11.1%) |
| Median Home Value | $205,864 |
| Average Home Value | $236,529 |
Housing Distribution
Address Breakdown
Residential
251
Single Family
251
Multi-Family
0
Businesses
146
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