213 E Minneapolis AveSalinaKS67401
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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 Salina at 213 E Minneapolis Ave, Salina, KS, 67401 priced at $150,000 pairs $1,428/mo rent with $430/mo cash flow after a $734/mo payment. Total monthly income equals $1,428/mo, and annual cash flow comes to $5,163/yr on $49,725 invested. Return on cash invested is 30.29% in year one, and rental yield stands at 11.42% on a $150,000 basis. Equity gained on principal adds $968/yr, and 5% annual appreciation accumulates to $41,442 by year five. Five-year ROI measures 159.22% and total cumulative return in cash reaches $79,170. For financing, Ziffy Mortgage’s DSCR program evaluates $1,428/mo property income against a $734/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1942
5,662 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 67401, Salina, KS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 22,465 (100%) |
| Owner Occupied HU | 13,141 (58.5%) |
| Renter Occupied HU | 7,464 (33.2%) |
| Vacant Housing Units | 1,860 ( 8.3%) |
| Median Home Value | $197,113 |
| Average Home Value | $229,727 |
Housing Distribution
Address Breakdown
Residential
22,087
Single Family
20,528
Multi-Family
1,559
Businesses
1,809
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Listed by: Amy Dautel • Sheets - Adams, Realtors
Mls Name: Mid Kansas MLS & Prairie Land Realtors
Mls ID: #53339
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.