647 E 1st StLucasKS67648
INVESTMENT ANALYSIS
Investment Verdict
Appreciation PlayNot all U.S. investment properties are valued for current income. 647 E 1st St, Lucas, KS, 67648 in Lucas at $288,000, 3.58% gross yield, is a market-growth asset. Rental yield 3.58%. The $859/mo rent partially funds the $1,295/mo debt service; the core return is the 5%/yr price growth projected to add $79,569 over five years. Ziffy Mortgage's DSCR mortgage (0.66) provides financing for foreign nationals without domestic income checks. A 30–35% down payment often produces the cleanest coverage for low-yield properties. Total five-year return: $41,784.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 3.6% | 6.0% |
| Monthly Cash Flow | $(1,057) | $300 |
City averages based on Lucas market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $859 |
| Total Monthly Debt Service | $1,801 |
| DSCR Ratio | 0.48x |
Ziffy Mortgage typically prefers a DSCR of 1.0+, but in some cases you may qualify with a DSCR below 1. To explore if this deal qualifies for an investment mortgage, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 2011
3.10 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 67648, Lucas, KS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 306 (100%) |
| Owner Occupied HU | 182 (59.5%) |
| Renter Occupied HU | 35 (11.4%) |
| Vacant Housing Units | 89 (29.1%) |
| Median Home Value | $77,143 |
| Average Home Value | $133,901 |
Housing Distribution
Address Breakdown
Residential
149
Single Family
149
Multi-Family
0
Businesses
38
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
Single Family
Built in 2011
3.10 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 67648, Lucas, KS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 306 (100%) |
| Owner Occupied HU | 182 (59.5%) |
| Renter Occupied HU | 35 (11.4%) |
| Vacant Housing Units | 89 (29.1%) |
| Median Home Value | $77,143 |
| Average Home Value | $133,901 |
Housing Distribution
Address Breakdown
Residential
149
Single Family
149
Multi-Family
0
Businesses
38
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices