216 Bittersweet LnLansingKS66043
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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 Lansing at 216 Bittersweet Ln, Lansing, KS, 66043 priced at $279,900 converts $2,406/mo rent into $544/mo cash flow after a $1,370/mo obligation. Total monthly income equals $2,406/mo, and annual cash flow totals $6,526/yr on $92,787 invested. Return on cash invested prints 26.94% in year one, and rental yield reads 10.32% against a $279,900 entry. Equity gained on principal adds $1,806/yr, while 5% annual appreciation compiles into $77,331 by year five. Five-year ROI reaches 141.16% and total cumulative return in cash sums $130,981. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,406/mo property income covering a $1,370/mo payment, not borrower’s personal income.
Single Family
Built in 1977
10,000 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 66043, Lansing, KS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,521 (100%) |
| Owner Occupied HU | 2,394 (68.0%) |
| Renter Occupied HU | 952 (27.0%) |
| Vacant Housing Units | 175 ( 5.0%) |
| Median Home Value | $313,636 |
| Average Home Value | $326,470 |
Housing Distribution
Address Breakdown
Residential
3,385
Single Family
3,266
Multi-Family
119
Businesses
246
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