915 Mentlick DrColbyKS67701
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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 Colby at 915 Mentlick Dr, Colby, KS, 67701 offers a 10.61% rental yield on a $185,200 purchase with $1,638/mo rent. Total monthly income registers $1,638/mo, and a $906/mo payment leaves $406/mo available for distribution. Annual cash flow reaches $4,876/yr on $61,394 to close, and return on cash invested stands at 27.85% in year one. Equity gained on principal adds $1,195/yr while 5% annual appreciation supports $51,167 over five years. Portfolio math shows five-year ROI at 146.1% and total cumulative return in cash at $89,693. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,638/mo property income against a $906/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1959
10,454 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 67701, Colby, KS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,016 (100%) |
| Owner Occupied HU | 1,828 (60.6%) |
| Renter Occupied HU | 817 (27.1%) |
| Vacant Housing Units | 371 (12.3%) |
| Median Home Value | $188,189 |
| Average Home Value | $218,141 |
Housing Distribution
Address Breakdown
Residential
2,843
Single Family
2,755
Multi-Family
88
Businesses
602
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