1702 Walnut StEllisKS67637
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeTight but positive: 1702 Walnut St, Ellis, KS, 67637 in Ellis at $220,000 earns $1,560/mo in rent and nets $46/mo after the $989/mo payment, a 8.51% yield with limited short-term income headroom. The equity story offsets the thin monthly spread: 5% annual appreciation adds $60,782 over five years. Ziffy Mortgage underwrites this on a 1.58 DSCR without U.S. credit history. With $2,026/yr in principal paydown, total projected return reaches $87,074.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 8.5% | 8.0% |
| Monthly Cash Flow | $46 | $900 |
City averages based on Ellis market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,560 |
| Total Monthly Debt Service | $1,426 |
| DSCR Ratio | 1.09x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, 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 1973
0.32 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 67637, Ellis, KS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,312 (100%) |
| Owner Occupied HU | 865 (65.9%) |
| Renter Occupied HU | 261 (19.9%) |
| Vacant Housing Units | 186 (14.2%) |
| Median Home Value | $224,600 |
| Average Home Value | $340,029 |
Housing Distribution
Address Breakdown
Residential
1,118
Single Family
1,085
Multi-Family
33
Businesses
88
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 1973
0.32 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 67637, Ellis, KS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,312 (100%) |
| Owner Occupied HU | 865 (65.9%) |
| Renter Occupied HU | 261 (19.9%) |
| Vacant Housing Units | 186 (14.2%) |
| Median Home Value | $224,600 |
| Average Home Value | $340,029 |
Housing Distribution
Address Breakdown
Residential
1,118
Single Family
1,085
Multi-Family
33
Businesses
88
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Tim Cossaart, CRS • RE/MAX Pro
Mls Name: Western Kansas AOR
Mls Provider:
Mls ID: #204117
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.