506 S Central AveMulvaneKS67110
Nearby investment properties with comparable rents
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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 Mulvane at 506 S Central Ave, Mulvane, KS, 67110 priced at $163,900 converts $1,157/mo rent into $67/mo cash flow after a $802/mo obligation. Total monthly income equals $1,157/mo, and annual cash flow totals $802/yr on $54,333 invested. Return on cash invested prints 21.38% in year one, and rental yield reads 8.47% against a $163,900 entry. Equity gained on principal adds $1,058/yr, while 5% annual appreciation compiles into $45,283 by year five. Five-year ROI reaches 111.36% and total cumulative return in cash sums $60,506. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,157/mo property income covering a $802/mo payment, not borrower’s personal income.
Single Family
Built in 1910
8,712 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 67110, Mulvane, KS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,432 (100%) |
| Owner Occupied HU | 2,570 (74.9%) |
| Renter Occupied HU | 646 (18.8%) |
| Vacant Housing Units | 216 ( 6.3%) |
| Median Home Value | $212,701 |
| Average Home Value | $246,991 |
Housing Distribution
Address Breakdown
Residential
3,396
Single Family
3,305
Multi-Family
91
Businesses
168
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Listed by: Jarica Caldwell • Berkshire Hathaway PenFed Realty
Mls Name: SCKMLS
Mls ID: #657090
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