824 Ohio StAlmaKS66401
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowDay-one income is the story at 824 Ohio St, Alma, KS, 66401 in Alma. Priced at $134,100, it generates $1,850/mo in gross rent and $958/mo in net monthly cash flow, a 16.56% yield that comfortably supports the 3.07 DSCR needed for Ziffy Mortgage's no-W2 DSCR mortgage. Projected annual cash flow: $11,499. Five-year appreciation: $37,049. Equity from principal paydown: $1,235/yr. Total projected cumulative return: $112,807.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 16.6% | 7.2% |
| Monthly Cash Flow | $958 | $300 |
City averages based on Alma market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,850 |
| Total Monthly Debt Service | $839 |
| DSCR Ratio | 2.21x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 1975
8,276 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 66401, Alma, KS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 970 (100%) |
| Owner Occupied HU | 620 (63.9%) |
| Renter Occupied HU | 127 (13.1%) |
| Vacant Housing Units | 223 (23.0%) |
| Median Home Value | $164,394 |
| Average Home Value | $225,742 |
Housing Distribution
Address Breakdown
Residential
637
Single Family
637
Multi-Family
0
Businesses
63
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
Single Family
Built in 1975
8,276 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 66401, Alma, KS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 970 (100%) |
| Owner Occupied HU | 620 (63.9%) |
| Renter Occupied HU | 127 (13.1%) |
| Vacant Housing Units | 223 (23.0%) |
| Median Home Value | $164,394 |
| Average Home Value | $225,742 |
Housing Distribution
Address Breakdown
Residential
637
Single Family
637
Multi-Family
0
Businesses
63
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices