1021 S Cherry StWellingtonKS67152
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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 Wellington at 1021 S Cherry St, Wellington, KS, 67152 uses $51,383 cash to close to unlock $1,697/yr annual cash flow and $141/mo monthly cash flow. Total monthly income runs $1,173/mo, and a $759/mo payment keeps the spread at $141/mo. Purchase price stands at $155,000, and rental yield measures 9.08% with $1,173/mo rent. Return on cash invested shows 23.21% in year one, and 5% annual appreciation builds toward $42,824 over five years. Five-year ROI reaches 121.24% and total cumulative return in cash records $62,296. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,173/mo property income covering a $759/mo payment rather than investor’s personal income.
Single Family
Built in 1979
0.77 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 67152, Wellington, KS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,295 (100%) |
| Owner Occupied HU | 2,439 (56.8%) |
| Renter Occupied HU | 1,300 (30.3%) |
| Vacant Housing Units | 556 (12.9%) |
| Median Home Value | $108,918 |
| Average Home Value | $145,253 |
Housing Distribution
Address Breakdown
Residential
3,966
Single Family
3,765
Multi-Family
201
Businesses
447
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Listed by: Elizabeth Gaston • L2 Realty, Inc.
Mls Name: SCKMLS
Mls ID: #662906