740 N Walnut StMedicine LodgeKS67104
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash Flow740 N Walnut St, Medicine Lodge, KS, 67104 in Medicine Lodge is a solid income-producing rental, 10.48% gross yield, $1,903/mo rent, $453/mo net cash flow on a $218,000 buy. DSCR 1.94 qualifies the property for Ziffy Mortgage's financing without personal income documentation. Five-year appreciation of $60,229 and $2,008/yr in principal reduction project a total cumulative return of $112,278.
| This Property | National Avg | |
|---|---|---|
| Gross Rental Yield | 10.5% | 6.2% |
| Monthly Cash Flow | $453 | $180 |
National averages based on 2024–2025 U.S. residential rental market data. Content is user-generated and unverified.
DSCR Rental Loan Qualification
Qualifies using the property's rental income, not your personal income.
- ✓No W-2, pay stubs, or tax returns needed
- ✓Rental income qualifies you
- ✓Built for real estate investors
| Monthly Rental Income | $1,903 |
| Total Monthly Debt Service | $1,364 |
| DSCR Ratio | 1.40x |
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 1929
0.52 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 67104, Medicine Lodge, KS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,311 (100%) |
| Owner Occupied HU | 727 (55.5%) |
| Renter Occupied HU | 267 (20.4%) |
| Vacant Housing Units | 317 (24.2%) |
| Median Home Value | $93,750 |
| Average Home Value | $118,177 |
Housing Distribution
Address Breakdown
Residential
994
Single Family
952
Multi-Family
42
Businesses
174
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 1929
0.52 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 67104, Medicine Lodge, KS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,311 (100%) |
| Owner Occupied HU | 727 (55.5%) |
| Renter Occupied HU | 267 (20.4%) |
| Vacant Housing Units | 317 (24.2%) |
| Median Home Value | $93,750 |
| Average Home Value | $118,177 |
Housing Distribution
Address Breakdown
Residential
994
Single Family
952
Multi-Family
42
Businesses
174
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: N/A • N/A
Mls Name: SCKMLS as distributed by MLS GRID
Mls ID: #668431