311 E 10th StWellingtonKS67152
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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 Wellington at 311 E 10th St, Wellington, KS, 67152 generates $1,037/mo in rent and, after a $636/mo payment, leaves $173/mo in cash flow. Total monthly income is $1,037/mo, and annual cash flow is $2,071/yr on $43,062 invested. Return on cash invested sits at 24.72% in year one, and rental yield is 9.58% on a $129,900 entry. Equity gained on principal adds $838/yr, while 5% annual appreciation builds toward $35,889 over five years. Five-year ROI reaches 129.29% and total cumulative return in cash sums $55,675. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,037/mo property income rather than buyer’s personal income.
Single Family
Built in 1890
6,969 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 67152, Wellington, KS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,295 (100%) |
| Owner Occupied HU | 2,439 (56.8%) |
| Renter Occupied HU | 1,300 (30.3%) |
| Vacant Housing Units | 556 (12.9%) |
| Median Home Value | $108,918 |
| Average Home Value | $145,253 |
Housing Distribution
Address Breakdown
Residential
3,966
Single Family
3,765
Multi-Family
201
Businesses
447
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Listed by: William Foos • Heritage 1st Realty
Mls Name: SCKMLS
Mls ID: #663073