506 S Washington StElk CityKS67344
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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
Investment property for sale in Elk City at 506 S Washington St, Elk City, KS, 67344 at $270,000 posts ROI 12.94% with from $1,277/mo rent. Total monthly income equals $1,277/mo. Return on cash invested measures 12.94% and rental yield reads 5.68% at the current $270,000. Equity gained on principal adds $1,742/yr, and 5% annual appreciation supports $74,596 by year five. Five-year ROI prints 66.12% and total cumulative return in cash totals $59,185. You can finance with Ziffy Mortgage’s DSCR loan, which relies on $1,277/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1961
0.52 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 67344, Elk City, KS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 428 (100%) |
| Owner Occupied HU | 256 (59.8%) |
| Renter Occupied HU | 57 (13.3%) |
| Vacant Housing Units | 115 (26.9%) |
| Median Home Value | $214,935 |
| Average Home Value | $209,268 |
Housing Distribution
Address Breakdown
Residential
368
Single Family
368
Multi-Family
0
Businesses
12
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