1307 3rd StWamegoKS66547
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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
Rental property for sale in Wamego at 1307 3rd St, Wamego, KS, 66547 generates $1,516/mo in rent and, after a $983/mo payment, leaves $180/mo in cash flow. Total monthly income is $1,516/mo, and annual cash flow is $2,159/yr on $66,565 invested. Return on cash invested sits at 23.15% in year one, and rental yield is 9.06% on a $200,800 entry. Equity gained on principal adds $1,296/yr, while 5% annual appreciation builds toward $55,477 over five years. Five-year ROI reaches 120.85% and total cumulative return in cash sums $80,443. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,516/mo property income rather than buyer’s personal income.
Single Family
Built in 1976
6,500 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 66547, Wamego, KS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,692 (100%) |
| Owner Occupied HU | 2,594 (70.3%) |
| Renter Occupied HU | 899 (24.3%) |
| Vacant Housing Units | 199 ( 5.4%) |
| Median Home Value | $237,823 |
| Average Home Value | $259,343 |
Housing Distribution
Address Breakdown
Residential
3,458
Single Family
3,410
Multi-Family
48
Businesses
262
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