301 NW Summit StMelvernKS66510
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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
Investment property for sale in Melvern at 301 NW Summit St, Melvern, KS, 66510 uses $39,449 cash to close to unlock $2,025/yr annual cash flow and $169/mo monthly cash flow. Total monthly income runs $960/mo, and a $582/mo payment keeps the spread at $169/mo. Purchase price stands at $119,000, and rental yield measures 9.68% with $960/mo rent. Return on cash invested shows 25.04% in year one, and 5% annual appreciation builds toward $32,878 over five years. Five-year ROI reaches 131% and total cumulative return in cash records $51,677. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $960/mo property income covering a $582/mo payment rather than investor’s personal income.
Single Family
Built in 1900
0.70 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 66510, Melvern, KS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 367 (100%) |
| Owner Occupied HU | 254 (69.2%) |
| Renter Occupied HU | 62 (16.9%) |
| Vacant Housing Units | 51 (13.9%) |
| Median Home Value | $204,878 |
| Average Home Value | $347,972 |
Housing Distribution
Address Breakdown
Residential
251
Single Family
251
Multi-Family
0
Businesses
14
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Listed by: Brandy Criss Engler • Superior Real Estate
Mls Name: Sunflower AOR
Mls Provider:
Mls ID: #235073
Disclaimer: IDX information is provided exclusively for consumers personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the MLS.