111 S Summit StEl DoradoKS67042
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
Investment Highlights
Investment property for sale in El Dorado at 111 S Summit St, El Dorado, KS, 67042 uses $44,753 cash to close to unlock $1,771/yr annual cash flow and $148/mo monthly cash flow. Total monthly income runs $1,046/mo, and a $661/mo payment keeps the spread at $148/mo. Purchase price stands at $135,000, and rental yield measures 9.3% with $1,046/mo rent. Return on cash invested shows 23.87% in year one, and 5% annual appreciation builds toward $37,298 over five years. Five-year ROI reaches 124.74% and total cumulative return in cash records $55,825. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,046/mo property income covering a $661/mo payment rather than investor’s personal income.
Condo
Built in 1975
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 67042, El Dorado, KS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,340 (100%) |
| Owner Occupied HU | 4,298 (58.6%) |
| Renter Occupied HU | 2,211 (30.1%) |
| Vacant Housing Units | 831 (11.3%) |
| Median Home Value | $149,074 |
| Average Home Value | $191,079 |
Housing Distribution
Address Breakdown
Residential
6,761
Single Family
6,300
Multi-Family
461
Businesses
701
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices