206 Cedarlane DrWellsvilleKS66092
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
Investment Highlights
Investment property for sale in Wellsville at 206 Cedarlane Dr, Wellsville, KS, 66092 uses $76,245 cash to close to unlock $1,795/yr annual cash flow and $150/mo monthly cash flow. Total monthly income runs $1,680/mo, and a $1,126/mo payment keeps the spread at $150/mo. Purchase price stands at $230,000, and rental yield measures 8.77% with $1,680/mo rent. Return on cash invested shows 22.26% in year one, and 5% annual appreciation builds toward $63,545 over five years. Five-year ROI reaches 116.11% and total cumulative return in cash records $88,531. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,680/mo property income covering a $1,126/mo payment rather than investor’s personal income.
Single Family
Built in 1975
0.30 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 66092, Wellsville, KS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,770 (100%) |
| Owner Occupied HU | 1,346 (76.0%) |
| Renter Occupied HU | 343 (19.4%) |
| Vacant Housing Units | 81 ( 4.6%) |
| Median Home Value | $311,022 |
| Average Home Value | $326,473 |
Housing Distribution
Address Breakdown
Residential
1,545
Single Family
1,521
Multi-Family
24
Businesses
85
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Jacy Scott • Move Me Real Estate Agency
Mls Name: Heartland MLS as distributed by MLS GRID
Mls ID: #2588013