680 E 7th StColbyKS67701
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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
Investment property for sale in Colby at 680 E 7th St, Colby, KS, 67701 uses $59,007 cash to close to unlock $3,772/yr annual cash flow and $314/mo monthly cash flow. Total monthly income runs $1,514/mo, and a $871/mo payment keeps the spread at $314/mo. Purchase price stands at $178,000, and rental yield measures 10.21% with $1,514/mo rent. Return on cash invested shows 26.3% in year one, and 5% annual appreciation builds toward $49,178 over five years. Five-year ROI reaches 137.9% and total cumulative return in cash records $81,373. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,514/mo property income covering a $871/mo payment rather than investor’s personal income.
Single Family
Built in 1930
0.26 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 67701, Colby, KS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,016 (100%) |
| Owner Occupied HU | 1,828 (60.6%) |
| Renter Occupied HU | 817 (27.1%) |
| Vacant Housing Units | 371 (12.3%) |
| Median Home Value | $188,189 |
| Average Home Value | $218,141 |
Housing Distribution
Address Breakdown
Residential
2,843
Single Family
2,755
Multi-Family
88
Businesses
602
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