623 W Lanesfield StGardnerKS66030
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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 Gardner at 623 W Lanesfield St, Gardner, KS, 66030 offers $2,370/mo rent that, after a $1,526/mo payment, leaves $296/mo cash flow. Total monthly income is $2,370/mo, and annual cash flow is $3,548/yr on $103,373 cash. Return on cash invested measures 23.34% in year one, and rental yield stands at 9.12% at a $311,835 entry. Equity gained on principal adds $2,012/yr while 5% annual appreciation compounds into $86,154 by year five. Five-year ROI records 121.87% and total cumulative return in cash reaches $125,984. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,370/mo property income versus a $1,526/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 2025
6,000 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 66030, Gardner, KS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,000 (100%) |
| Owner Occupied HU | 6,213 (62.1%) |
| Renter Occupied HU | 3,431 (34.3%) |
| Vacant Housing Units | 356 ( 3.6%) |
| Median Home Value | $328,421 |
| Average Home Value | $379,219 |
Housing Distribution
Address Breakdown
Residential
9,987
Single Family
9,056
Multi-Family
931
Businesses
423
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