115 N Elm StMullinvilleKS67109
INVESTMENT ANALYSIS
Investment Verdict
Income-Producing115 N Elm St, Mullinville, KS, 67109 in Mullinville is a stable, well-positioned rental at $199,900. Rental yield 6.89%. DSCR 1.28 qualifies for Ziffy Mortgage's DSCR mortgage without U.S. income documentation. Over five years, 5% appreciation adds $55,229 in value and $1,841/yr in principal paydown builds equity, a total projected return of $64,454.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 6.9% | 8.0% |
| Monthly Cash Flow | $(183) | $400 |
City averages based on Mullinville market data in our database. Property projections are estimates.
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 | $1,147 |
| Total Monthly Debt Service | $1,250 |
| DSCR Ratio | 0.92x |
Ziffy Mortgage typically prefers a DSCR of 1.0+, but in some cases you may qualify with a DSCR below 1. To explore if this deal qualifies for an investment mortgage, 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 1958
0.62 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 67109, Mullinville, KS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 180 (100%) |
| Owner Occupied HU | 111 (61.7%) |
| Renter Occupied HU | 33 (18.3%) |
| Vacant Housing Units | 36 (20.0%) |
| Median Home Value | $170,833 |
| Average Home Value | $208,626 |
Housing Distribution
Address Breakdown
Residential
71
Single Family
71
Multi-Family
0
Businesses
16
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 1958
0.62 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 67109, Mullinville, KS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 180 (100%) |
| Owner Occupied HU | 111 (61.7%) |
| Renter Occupied HU | 33 (18.3%) |
| Vacant Housing Units | 36 (20.0%) |
| Median Home Value | $170,833 |
| Average Home Value | $208,626 |
Housing Distribution
Address Breakdown
Residential
71
Single Family
71
Multi-Family
0
Businesses
16
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: N/A • N/A
Mls Name: Kansas High Plains AOR
Mls ID: #101395