630 Locust StMound CityKS66056
Nearby investment properties with comparable rents
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
Rental property for sale in Mound City at 630 Locust St, Mound City, KS, 66056 priced at $123,480 converts $939/mo rent into $118/mo cash flow after a $604/mo obligation. Total monthly income equals $939/mo, and annual cash flow totals $1,415/yr on $40,934 invested. Return on cash invested prints 23.36% in year one, and rental yield reads 9.13% against a $123,480 entry. Equity gained on principal adds $797/yr, while 5% annual appreciation compiles into $34,115 by year five. Five-year ROI reaches 122% and total cumulative return in cash sums $49,940. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $939/mo property income covering a $604/mo payment, not borrower’s personal income.
Single Family
Built in 1910
8,712 sqft 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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Nearby investment properties with comparable prices
Listed by: Lacy Critchfield • Real Broker, LLC
Mls Name: SCKMLS
Mls ID: #645799
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. This information is not verified for authenticity or accuracy, is not guaranteed and may not reflect all real estate activity in the market. 1993-2024 South Central Kansas Multiple Listing Service, Inc. All rights reserved.