211 E 2nd StEllinwoodKS67526
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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 Ellinwood at 211 E 2nd St, Ellinwood, KS, 67526 priced at $284,000 converts $2,658/mo rent into $769/mo cash flow after a $1,390/mo obligation. Total monthly income equals $2,658/mo, and annual cash flow totals $9,224/yr on $94,146 invested. Return on cash invested prints 29.71% in year one, and rental yield reads 11.23% against a $284,000 entry. Equity gained on principal adds $1,833/yr, while 5% annual appreciation compiles into $78,464 by year five. Five-year ROI reaches 155.99% and total cumulative return in cash sums $146,861. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,658/mo property income covering a $1,390/mo payment, not borrower’s personal income.
Single Family
Built in 1912
0.25 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 67526, Ellinwood, KS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,208 (100%) |
| Owner Occupied HU | 774 (64.1%) |
| Renter Occupied HU | 279 (23.1%) |
| Vacant Housing Units | 155 (12.8%) |
| Median Home Value | $158,152 |
| Average Home Value | $194,619 |
Housing Distribution
Address Breakdown
Residential
1,103
Single Family
1,099
Multi-Family
4
Businesses
113
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Listed by: Pamela Chyba • ListWithFreedom.com
Mls Name: Mid Kansas MLS & Prairie Land Realtors
Mls ID: #50544
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.