618 Locust StMound CityKS66056
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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 Mound City at 618 Locust St, Mound City, KS, 66056 priced at $129,000 converts $993/mo rent into $135/mo cash flow after a $631/mo obligation. Total monthly income equals $993/mo, and annual cash flow totals $1,622/yr on $42,764 invested. Return on cash invested prints 23.7% in year one, and rental yield reads 9.24% against a $129,000 entry. Equity gained on principal adds $832/yr, while 5% annual appreciation compiles into $35,640 by year five. Five-year ROI reaches 123.89% and total cumulative return in cash sums $52,981. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $993/mo property income covering a $631/mo payment, not borrower’s personal income.
Single Family
Built in 1995
0.35 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 66056, Mound City, KS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,068 (100%) |
| Owner Occupied HU | 642 (60.1%) |
| Renter Occupied HU | 131 (12.3%) |
| Vacant Housing Units | 295 (27.6%) |
| Median Home Value | $178,125 |
| Average Home Value | $268,594 |
Housing Distribution
Address Breakdown
Residential
830
Single Family
830
Multi-Family
0
Businesses
86
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Listed by: Trenton Johnson • Crown Realty
Mls Name: Heartland MLS as distributed by MLS GRID
Mls ID: #2597503