408 Washington StEllisKS67637
INVESTMENT ANALYSIS
Investment Verdict
Appreciation PlayInvestors who prioritise long-run asset value over immediate income should consider 408 Washington St, Ellis, KS, 67637 in Ellis. Rental yield 0%. At $125,000 with 0% gross yield, current distributions are modest, but the 5% appreciation rate projects $34,535 in new equity by year five, complemented by $1,151/yr in principal paydown. Ziffy Mortgage's DSCR loan (0.00) allows non-U.S. residents to acquire without W-2s or domestic credit.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 0% | 8.0% |
| Monthly Cash Flow | $0 | $900 |
City averages based on Ellis market data in our database. Property projections are estimates.
Single Family
Built in 1907
0.15 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 67637, Ellis, KS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,312 (100%) |
| Owner Occupied HU | 865 (65.9%) |
| Renter Occupied HU | 261 (19.9%) |
| Vacant Housing Units | 186 (14.2%) |
| Median Home Value | $224,600 |
| Average Home Value | $340,029 |
Housing Distribution
Address Breakdown
Residential
1,118
Single Family
1,085
Multi-Family
33
Businesses
88
Nearby investment properties with comparable rents
No similar rental properties found nearby.
Nearby investment properties with comparable prices
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
Single Family
Built in 1907
0.15 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 67637, Ellis, KS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,312 (100%) |
| Owner Occupied HU | 865 (65.9%) |
| Renter Occupied HU | 261 (19.9%) |
| Vacant Housing Units | 186 (14.2%) |
| Median Home Value | $224,600 |
| Average Home Value | $340,029 |
Housing Distribution
Address Breakdown
Residential
1,118
Single Family
1,085
Multi-Family
33
Businesses
88
Nearby investment properties with comparable rents
No similar rental properties found nearby.
Nearby investment properties with comparable prices