634 7th StPhillipsburgKS67661
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 Phillipsburg at 634 7th St, Phillipsburg, KS, 67661 priced at $159,900 converts $1,271/mo rent into $207/mo cash flow after a $783/mo obligation. Total monthly income equals $1,271/mo, and annual cash flow totals $2,482/yr on $53,007 invested. Return on cash invested prints 24.59% in year one, and rental yield reads 9.54% against a $159,900 entry. Equity gained on principal adds $1,032/yr, while 5% annual appreciation compiles into $44,177 by year five. Five-year ROI reaches 128.58% and total cumulative return in cash sums $68,154. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,271/mo property income covering a $783/mo payment, not borrower’s personal income.
Single Family
Built in 1910
0.32 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 67661, Phillipsburg, KS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,676 (100%) |
| Owner Occupied HU | 1,010 (60.3%) |
| Renter Occupied HU | 367 (21.9%) |
| Vacant Housing Units | 299 (17.8%) |
| Median Home Value | $104,703 |
| Average Home Value | $155,842 |
Housing Distribution
Address Breakdown
Residential
1,424
Single Family
1,421
Multi-Family
3
Businesses
221
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Listed by: Rhonda Keesee • Mid America Real Estate
Mls Name: KSMLS
Mls ID: #85371
Disclaimer: Copyright Kansas Statewide MLS. All rights reserved. Information is deemed reliable but not guaranteed.