615 W 9th StConcordiaKS66901
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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
Investment property for sale in Concordia at 615 W 9th St, Concordia, KS, 66901 with 5% annual appreciation on a $179,500 basis while $1,685/mo rent supports operations. Total monthly income totals $1,685/mo and a $879/mo payment preserves $490/mo for cash returns. Annual cash flow comes to $5,885/yr on $59,504 deployed, and return on cash invested reaches 29.8% in year one. Equity gained on principal adds $1,158/yr, and five-year appreciation sums $49,593 alongside rental yield of 11.26%. Five-year ROI measures 156.54% and total cumulative return in cash totals $93,148.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,685/mo property income versus a $879/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1940
9,372 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 66901, Concordia, KS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,027 (100%) |
| Owner Occupied HU | 1,671 (55.2%) |
| Renter Occupied HU | 819 (27.1%) |
| Vacant Housing Units | 537 (17.7%) |
| Median Home Value | $113,170 |
| Average Home Value | $147,044 |
Housing Distribution
Address Breakdown
Residential
2,734
Single Family
2,701
Multi-Family
33
Businesses
372
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