609 S Ridge StYates CenterKS66783
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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 Yates Center at 609 S Ridge St, Yates Center, KS, 66783 priced at $115,000 converts $630/mo rent into after a $563/mo obligation. Total monthly income equals $630/mo. Return on cash invested prints 15.65% in year one, and rental yield reads 6.57% against a $115,000 entry. Equity gained on principal adds $742/yr, while 5% annual appreciation compiles into $31,772 by year five. Five-year ROI reaches 80.64% and total cumulative return in cash sums $30,741. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $630/mo property income covering a $563/mo payment, not borrower’s personal income.
Single Family
Built in N/A
0.29 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 66783, Yates Center, KS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,123 (100%) |
| Owner Occupied HU | 724 (64.5%) |
| Renter Occupied HU | 186 (16.6%) |
| Vacant Housing Units | 213 (19.0%) |
| Median Home Value | $85,000 |
| Average Home Value | $152,486 |
Housing Distribution
Address Breakdown
Residential
960
Single Family
956
Multi-Family
4
Businesses
126
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Nearby investment properties with comparable prices
Listed by: Monica Sellman • United Country Deer Creek Realty
Mls Name: Heartland MLS as distributed by MLS GRID
Mls ID: #2547393