116 E Cimarron StElkhartKS67950
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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 Elkhart at 116 E Cimarron St, Elkhart, KS, 67950 at $110,000 posts ROI 23.28% with $103/mo cash flow from $834/mo rent. Total monthly income equals $834/mo, and annual cash flow records $1,231/yr on $36,465 to close. Return on cash invested measures 23.28% and rental yield reads 9.1% at the current $110,000. Equity gained on principal adds $710/yr, and 5% annual appreciation supports $30,391 by year five. Five-year ROI prints 121.59% and total cumulative return in cash totals $44,340.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $834/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Manufactured
Built in N/A
0.48 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 67950, Elkhart, KS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 971 (100%) |
| Owner Occupied HU | 550 (56.6%) |
| Renter Occupied HU | 229 (23.6%) |
| Vacant Housing Units | 192 (19.8%) |
| Median Home Value | $101,750 |
| Average Home Value | $112,977 |
Housing Distribution
Address Breakdown
Residential
122
Single Family
102
Multi-Family
20
Businesses
107
Nearby investment properties with comparable rents
No similar rental properties found nearby.
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