722 E 6th StConcordiaKS66901
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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 Concordia at 722 E 6th St, Concordia, KS, 66901 uses $39,614 cash to close to unlock $1,583/yr annual cash flow and $132/mo monthly cash flow. Total monthly income runs $927/mo, and a $585/mo payment keeps the spread at $132/mo. Purchase price stands at $119,500, and rental yield measures 9.31% with $927/mo rent. Return on cash invested shows 23.9% in year one, and 5% annual appreciation builds toward $33,016 over five years. Five-year ROI reaches 124.88% and total cumulative return in cash records $49,470. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $927/mo property income covering a $585/mo payment rather than investor’s personal income.
Single Family
Built in 1910
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 66901, Concordia, KS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,027 (100%) |
| Owner Occupied HU | 1,671 (55.2%) |
| Renter Occupied HU | 819 (27.1%) |
| Vacant Housing Units | 537 (17.7%) |
| Median Home Value | $113,170 |
| Average Home Value | $147,044 |
Housing Distribution
Address Breakdown
Residential
2,734
Single Family
2,701
Multi-Family
33
Businesses
372
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