427 W Cimarron StElkhartKS67950
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 Elkhart at 427 W Cimarron St, Elkhart, KS, 67950 offers $2,470/mo rent that, after a $1,268/mo payment, leaves $747/mo cash flow. Total monthly income is $2,470/mo, and annual cash flow is $8,959/yr on $85,859 cash. Return on cash invested measures 30.34% in year one, and rental yield stands at 11.44% at a $259,000 entry. Equity gained on principal adds $1,671/yr while 5% annual appreciation compounds into $71,557 by year five. Five-year ROI records 159.42% and total cumulative return in cash reaches $136,876. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,470/mo property income versus a $1,268/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1973
0.36 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 67950, Elkhart, KS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 971 (100%) |
| Owner Occupied HU | 550 (56.6%) |
| Renter Occupied HU | 229 (23.6%) |
| Vacant Housing Units | 192 (19.8%) |
| Median Home Value | $101,750 |
| Average Home Value | $112,977 |
Housing Distribution
Address Breakdown
Residential
122
Single Family
102
Multi-Family
20
Businesses
107
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