708 N 3rd StLincolnKS67455
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
Rental property for sale in Lincoln at 708 N 3rd St, Lincoln, KS, 67455 offers $1,009/mo rent that, after a $604/mo payment, leaves $188/mo cash flow. Total monthly income is $1,009/mo, and annual cash flow is $2,254/yr on $40,940 cash. Return on cash invested measures 25.42% in year one, and rental yield stands at 9.8% at a $123,500 entry. Equity gained on principal adds $797/yr while 5% annual appreciation compounds into $34,121 by year five. Five-year ROI records 132.99% and total cumulative return in cash reaches $54,446. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,009/mo property income versus a $604/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1910
9,500 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 67455, Lincoln, KS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 956 (100%) |
| Owner Occupied HU | 574 (60.0%) |
| Renter Occupied HU | 176 (18.4%) |
| Vacant Housing Units | 206 (21.5%) |
| Median Home Value | $93,043 |
| Average Home Value | $118,702 |
Housing Distribution
Address Breakdown
Residential
811
Single Family
780
Multi-Family
31
Businesses
133
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