661 N 240th RdSolomonKS67480
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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
Total monthly income runs $1,229/mo, and a $1,467/mo payment. Purchase price stands at $299,700, and rental yield measures 4.92% with $1,229/mo rent. Return on cash invested shows 10.67% in year one, and 5% annual appreciation builds toward $82,802 over five years. Five-year ROI reaches 53.96% and total cumulative return in cash records $53,606. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,229/mo property income covering a $1,467/mo payment rather than investor’s personal income.
Single Family
Built in 1905
10.30 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 67480, Solomon, KS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 717 (100%) |
| Owner Occupied HU | 524 (73.1%) |
| Renter Occupied HU | 134 (18.7%) |
| Vacant Housing Units | 59 ( 8.2%) |
| Median Home Value | $180,488 |
| Average Home Value | $229,461 |
Housing Distribution
Address Breakdown
Residential
619
Single Family
604
Multi-Family
15
Businesses
38
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