209 E Lull StMeridenKS66512
Nearby investment properties with comparable rents
No similar rental properties found nearby.
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
Rental property for sale in Meriden at 209 E Lull St, Meriden, KS, 66512 priced at $399,900 converts $0/mo rent into after a $1,957/mo obligation. Total monthly income equals $0/mo. Return on cash invested prints -4.17% in year one, and rental yield reads 0% against a $399,900 entry. Equity gained on principal adds $2,580/yr, while 5% annual appreciation compiles into $110,485 by year five. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $0/mo property income covering a $1,957/mo payment, not borrower’s personal income.
Multi Family
Built in 1993
1.60 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 66512, Meriden, KS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,349 (100%) |
| Owner Occupied HU | 1,088 (80.7%) |
| Renter Occupied HU | 163 (12.1%) |
| Vacant Housing Units | 98 ( 7.3%) |
| Median Home Value | $235,000 |
| Average Home Value | $285,319 |
Housing Distribution
Address Breakdown
Residential
1,260
Single Family
1,260
Multi-Family
0
Businesses
77
Nearby investment properties with comparable rents
No similar rental properties found nearby.
Nearby investment properties with comparable prices
Listed by: Patricia King • ReeceNichols Topeka Elite
Mls Name: Sunflower AOR
Mls Provider:
Mls ID: #238572
Disclaimer: IDX information is provided exclusively for consumers personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the MLS.