218 E Kay StLansingKS66043
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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 218 E Kay St, Lansing, KS, 66043 offers $1,890/mo rent that, after a $1,047/mo payment, leaves $467/mo cash flow. Total monthly income is $1,890/mo, and annual cash flow is $5,601/yr on $70,941 cash. Return on cash invested measures 27.8% in year one, and rental yield stands at 10.6% at a $214,000 entry. Equity gained on principal adds $1,381/yr while 5% annual appreciation compounds into $59,124 by year five. Five-year ROI records 145.79% and total cumulative return in cash reaches $103,427. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,890/mo property income versus a $1,047/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1900
10,666 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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