338 NE Pine 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
Rental property for sale in Melvern at 338 NE Pine St, Melvern, KS, 66510 generates $960/mo in rent, after a $808/mo payment. Total monthly income is $960/mo. Return on cash invested sits at 16.88% in year one, and rental yield is 6.98% on a $165,000 entry. Equity gained on principal adds $1,065/yr, while 5% annual appreciation builds toward $45,586 over five years. Five-year ROI reaches 87.21% and total cumulative return in cash sums $47,699. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $960/mo property income rather than buyer’s personal income.
Single Family
Built in 1920
0.29 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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