703 Center StGarden CityKS67846
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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
Rental property for sale in Garden City at 703 Center St, Garden City, KS, 67846 priced at $355,000 converts $2,269/mo rent into after a $1,738/mo obligation. Total monthly income equals $2,269/mo. Return on cash invested prints 18.3% in year one, and rental yield reads 7.67% against a $355,000 entry. Equity gained on principal adds $2,291/yr, while 5% annual appreciation compiles into $98,080 by year five. Five-year ROI reaches 95.1% and total cumulative return in cash sums $111,912. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,269/mo property income covering a $1,738/mo payment, not borrower’s personal income.
Single Family
Built in 1959
0.35 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 67846, Garden City, KS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,216 (100%) |
| Owner Occupied HU | 7,551 (57.1%) |
| Renter Occupied HU | 4,505 (34.1%) |
| Vacant Housing Units | 1,160 ( 8.8%) |
| Median Home Value | $220,198 |
| Average Home Value | $253,183 |
Housing Distribution
Address Breakdown
Residential
12,610
Single Family
11,904
Multi-Family
706
Businesses
1,517
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Listed by: James Janda • MBA Real Estate
Mls Name: GCMLS, GARD
Mls Provider:
Mls ID: #21607
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.