823 Colorado AveGoodlandKS67735
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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 Goodland at 823 Colorado Ave, Goodland, KS, 67735 priced at $300,600 converts $2,465/mo rent into $359/mo cash flow after a $1,471/mo obligation. Total monthly income equals $2,465/mo, and annual cash flow totals $4,305/yr on $99,649 invested. Return on cash invested prints 24.23% in year one, and rental yield reads 9.84% against a $300,600 entry. Equity gained on principal adds $1,940/yr, while 5% annual appreciation compiles into $83,050 by year five. Five-year ROI reaches 127.09% and total cumulative return in cash sums $126,644. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,465/mo property income covering a $1,471/mo payment, not borrower’s personal income.
Single Family
Built in 1984
0.35 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 67735, Goodland, KS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,655 (100%) |
| Owner Occupied HU | 1,487 (56.0%) |
| Renter Occupied HU | 715 (26.9%) |
| Vacant Housing Units | 453 (17.1%) |
| Median Home Value | $154,025 |
| Average Home Value | $176,907 |
Housing Distribution
Address Breakdown
Residential
2,473
Single Family
2,376
Multi-Family
97
Businesses
385
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