609 S Ridge StYates CenterKS66783
INVESTMENT ANALYSIS
Investment Verdict
Income-ProducingFor first-time U.S. investors or those diversifying conservatively, 609 S Ridge St, Yates Center, KS, 66783 in Yates Center offers a clean, manageable entry. Rental yield 6.57%. DSCR 1.22 qualifies for Ziffy Mortgage's no-W2 mortgage for non-U.S. residents. Long-term: 5% annual appreciation projects $31,772 in additional property value over five years, with $1,059/yr in principal equity building ownership stake. Total projected cumulative return: $35,159.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 6.6% | 8.2% |
| Monthly Cash Flow | $(135) | $350 |
City averages based on Yates Center market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $630 |
| Total Monthly Debt Service | $719 |
| DSCR Ratio | 0.88x |
Ziffy Mortgage typically prefers a DSCR of 1.0+, but in some cases you may qualify with a DSCR below 1. To explore if this deal qualifies for an investment mortgage, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
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
Nearby investment properties with comparable rents
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
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
Nearby investment properties with comparable rents
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