685 N Sterling AveColbyKS67701
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
Investment property for sale in Colby at 685 N Sterling Ave, Colby, KS, 67701 uses $36,134 cash to close to unlock $3,602/yr annual cash flow and $300/mo monthly cash flow. Total monthly income runs $1,038/mo, and a $534/mo payment keeps the spread at $300/mo. Purchase price stands at $109,000, and rental yield measures 11.43% with $1,038/mo rent. Return on cash invested shows 29.88% in year one, and 5% annual appreciation builds toward $30,115 over five years. Five-year ROI reaches 157.18% and total cumulative return in cash records $56,794. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,038/mo property income covering a $534/mo payment rather than investor’s personal income.
Single Family
Built in 1950
4,875 sqft 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices