1515 Avenue OEllsworthKS67439
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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 Ellsworth at 1515 Avenue O, Ellsworth, KS, 67439 priced at $525,000 converts $1,327/mo rent into after a $2,570/mo obligation. Total monthly income equals $1,327/mo. Return on cash invested prints 5.01% in year one, and rental yield reads 3.03% against a $525,000 entry. Equity gained on principal adds $3,388/yr, while 5% annual appreciation compiles into $145,048 by year five. Five-year ROI reaches 23.53% and total cumulative return in cash sums $40,641. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,327/mo property income covering a $2,570/mo payment, not borrower’s personal income.
Single Family
Built in 1925
19.50 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 67439, Ellsworth, KS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,431 (100%) |
| Owner Occupied HU | 875 (61.1%) |
| Renter Occupied HU | 317 (22.2%) |
| Vacant Housing Units | 239 (16.7%) |
| Median Home Value | $145,543 |
| Average Home Value | $178,529 |
Housing Distribution
Address Breakdown
Residential
1,254
Single Family
1,254
Multi-Family
0
Businesses
167
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No similar price properties found nearby.
Listed by: Jessica Decker • SalinaHomes
Mls Name: SCKMLS
Mls ID: #655081
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