621 William StEffinghamKS66023
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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 Effingham at 621 William St, Effingham, KS, 66023 offers a 8.47% rental yield on a $102,000 purchase with $720/mo rent. Total monthly income registers $720/mo, and a $499/mo payment leaves $42/mo available for distribution. Annual cash flow reaches $500/yr on $33,813 to close, and return on cash invested stands at 21.39% in year one. Equity gained on principal adds $658/yr while 5% annual appreciation supports $28,181 over five years. Portfolio math shows five-year ROI at 111.39% and total cumulative return in cash at $37,664. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $720/mo property income against a $499/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1975
0.28 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 66023, Effingham, KS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 490 (100%) |
| Owner Occupied HU | 361 (73.7%) |
| Renter Occupied HU | 69 (14.1%) |
| Vacant Housing Units | 60 (12.2%) |
| Median Home Value | $157,721 |
| Average Home Value | $184,765 |
Housing Distribution
Address Breakdown
Residential
398
Single Family
398
Multi-Family
0
Businesses
21
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