809 Prospect AveDodge CityKS67801
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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 Dodge City at 809 Prospect Ave, Dodge City, KS, 67801 priced at $285,000 converts $2,124/mo rent into $228/mo cash flow after a $1,395/mo obligation. Total monthly income equals $2,124/mo, and annual cash flow totals $2,734/yr on $94,478 invested. Return on cash invested prints 22.8% in year one, and rental yield reads 8.94% against a $285,000 entry. Equity gained on principal adds $1,839/yr, while 5% annual appreciation compiles into $78,740 by year five. Five-year ROI reaches 118.96% and total cumulative return in cash sums $112,386. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,124/mo property income covering a $1,395/mo payment, not borrower’s personal income.
Single Family
Built in 1982
9,429 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 67801, Dodge City, KS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,408 (100%) |
| Owner Occupied HU | 6,209 (54.4%) |
| Renter Occupied HU | 4,091 (35.9%) |
| Vacant Housing Units | 1,108 ( 9.7%) |
| Median Home Value | $172,202 |
| Average Home Value | $239,864 |
Housing Distribution
Address Breakdown
Residential
11,104
Single Family
10,550
Multi-Family
554
Businesses
1,296
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Listed by: Karla Estrada • Coldwell Banker Hancocks
Mls Name: Dodge City BOR
Mls ID: #15143