420 Elmore StLecomptonKS66050
Nearby investment properties with comparable rents
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
Investment Highlights
Rental property for sale in Lecompton at 420 Elmore St, Lecompton, KS, 66050 priced at $245,000 pairs $1,706/mo rent with $76/mo cash flow after a $1,199/mo payment. Total monthly income equals $1,706/mo, and annual cash flow comes to $914/yr on $81,218 invested. Return on cash invested is 21.03% in year one, and rental yield stands at 8.36% on a $245,000 basis. Equity gained on principal adds $1,581/yr, and 5% annual appreciation accumulates to $67,689 by year five. Five-year ROI measures 109.54% and total cumulative return in cash reaches $88,968. For financing, Ziffy Mortgage’s DSCR program evaluates $1,706/mo property income against a $1,199/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1900
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 66050, Lecompton, KS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 800 (100%) |
| Owner Occupied HU | 643 (80.4%) |
| Renter Occupied HU | 126 (15.7%) |
| Vacant Housing Units | 31 ( 3.9%) |
| Median Home Value | $336,391 |
| Average Home Value | $386,676 |
Housing Distribution
Address Breakdown
Residential
654
Single Family
654
Multi-Family
0
Businesses
40
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Nearby investment properties with comparable prices
Listed by: Stephanie Gordon • RE/MAX STATE LINE
Mls Name: LBORMLS
Mls Provider:
Mls ID: #161801
Disclaimer: The data displayed on this page is confidential, proprietary, and copyrighted data of Lawrence Multiple Listing Service, Inc., of the Lawrence, Kansas, Board of REALTORS, Copyright 2024. Lawrence Multiple Listing Service, Inc., and Zillow, Inc. do not make any warranty or representation concerning the timeliness or accuracy of the data displayed herein. In consideration for the receipt of the data on this page, the recipient agrees to use the data solely for the private non-commercial purpose of identifying a property in which the recipient has a good faith interest in acquiring.