508 N 1st StWestmorelandKS66549
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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 Westmoreland at 508 N 1st St, Westmoreland, KS, 66549 offers a 11.79% rental yield on a $163,700 purchase with $1,608/mo rent. Total monthly income registers $1,608/mo, and a $801/mo payment leaves $519/mo available for distribution. Annual cash flow reaches $6,230/yr on $54,267 to close, and return on cash invested stands at 31.39% in year one. Equity gained on principal adds $1,056/yr while 5% annual appreciation supports $45,227 over five years. Portfolio math shows five-year ROI at 165.09% and total cumulative return in cash at $89,591. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,608/mo property income against a $801/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1961
6,969 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 66549, Westmoreland, KS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 741 (100%) |
| Owner Occupied HU | 509 (68.7%) |
| Renter Occupied HU | 134 (18.1%) |
| Vacant Housing Units | 98 (13.2%) |
| Median Home Value | $264,041 |
| Average Home Value | $310,864 |
Housing Distribution
Address Breakdown
Residential
495
Single Family
486
Multi-Family
9
Businesses
52
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