610 E 6th StColonyKS66015
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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
Investment property for sale in Colony at 610 E 6th St, Colony, KS, 66015 uses $41,404 cash to close to unlock $4,949/yr annual cash flow and $412/mo monthly cash flow. Total monthly income runs $1,243/mo, and a $611/mo payment keeps the spread at $412/mo. Purchase price stands at $124,900, and rental yield measures 11.94% with $1,243/mo rent. Return on cash invested shows 31.86% in year one, and 5% annual appreciation builds toward $34,508 over five years. Five-year ROI reaches 167.63% and total cumulative return in cash records $69,406. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,243/mo property income covering a $611/mo payment rather than investor’s personal income.
Single Family
Built in 1996
0.45 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 66015, Colony, KS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 339 (100%) |
| Owner Occupied HU | 244 (72.0%) |
| Renter Occupied HU | 54 (15.9%) |
| Vacant Housing Units | 41 (12.1%) |
| Median Home Value | $159,783 |
| Average Home Value | $163,607 |
Housing Distribution
Address Breakdown
Residential
275
Single Family
275
Multi-Family
0
Businesses
18
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Nearby investment properties with comparable prices
Listed by: Charity Fisher • United Real Estate Kansas City
Mls Name: HKMMLS as distributed by MLS GRID
Mls Provider:
Mls ID: #2492516
Disclaimer: Based on information submitted to the MLS GRID as of 2024-01-26 09:44:00 PST. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website. Prices displayed on all Sold listings are the Last Known Listing Price and may not be the actual selling price. [Click here for more information](/info/mls-disclaimers/#mls_45) Listing Information presented by local MLS brokerage: Zillow, Inc., local REALTOR- Terry York - (913) 213-6604