1213 N 1st AveMulvaneKS67110
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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 Mulvane at 1213 N 1st Ave, Mulvane, KS, 67110 uses $72,897 cash to close to unlock $5,572/yr annual cash flow and $464/mo monthly cash flow. Total monthly income runs $1,936/mo, and a $1,076/mo payment keeps the spread at $464/mo. Purchase price stands at $219,900, and rental yield measures 10.56% with $1,936/mo rent. Return on cash invested shows 27.55% in year one, and 5% annual appreciation builds toward $60,754 over five years. Five-year ROI reaches 144.54% and total cumulative return in cash records $105,364. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,936/mo property income covering a $1,076/mo payment rather than investor’s personal income.
Single Family
Built in 1970
8,712 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 67110, Mulvane, KS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,432 (100%) |
| Owner Occupied HU | 2,570 (74.9%) |
| Renter Occupied HU | 646 (18.8%) |
| Vacant Housing Units | 216 ( 6.3%) |
| Median Home Value | $212,701 |
| Average Home Value | $246,991 |
Housing Distribution
Address Breakdown
Residential
3,396
Single Family
3,305
Multi-Family
91
Businesses
168
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Listed by: Dixie Ball • Better Homes & Gardens Real Estate Wostal Realty
Mls Name: SCKMLS
Mls ID: #658765
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