510 E 7th StLecomptonKS66050
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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 Lecompton at 510 E 7th St, Lecompton, KS, 66050 uses $99,947 cash to close to unlock $3,514/yr annual cash flow and $293/mo monthly cash flow. Total monthly income runs $2,299/mo, and a $1,476/mo payment keeps the spread at $293/mo. Purchase price stands at $301,500, and rental yield measures 9.15% with $2,299/mo rent. Return on cash invested shows 23.43% in year one, and 5% annual appreciation builds toward $83,299 over five years. Five-year ROI reaches 122.3% and total cumulative return in cash records $122,235. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,299/mo property income covering a $1,476/mo payment rather than investor’s personal income.
Single Family
Built in 1979
4.30 Acres 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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