241 S Sid AveElkhartKS67950
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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 Elkhart at 241 S Sid Ave, Elkhart, KS, 67950 generates $1,739/mo in rent and, after a $569/mo payment, leaves $609/mo in cash flow. Total monthly income is $1,739/mo, and annual cash flow is $7,304/yr on $38,553 invested. Return on cash invested sits at 38.85% in year one, and rental yield is 17.94% on a $116,300 entry. Equity gained on principal adds $750/yr, while 5% annual appreciation builds toward $32,132 over five years. Five-year ROI reaches 209.13% and total cumulative return in cash sums $80,625. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,739/mo property income rather than buyer’s personal income.
Single Family
Built in N/A
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 67950, Elkhart, KS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 971 (100%) |
| Owner Occupied HU | 550 (56.6%) |
| Renter Occupied HU | 229 (23.6%) |
| Vacant Housing Units | 192 (19.8%) |
| Median Home Value | $101,750 |
| Average Home Value | $112,977 |
Housing Distribution
Address Breakdown
Residential
122
Single Family
102
Multi-Family
20
Businesses
107
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