604 Locust StWamegoKS66547
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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 Wamego at 604 Locust St, Wamego, KS, 66547 offers a 8.8% rental yield on a $135,000 purchase with $990/mo rent. Total monthly income registers $990/mo, and a $661/mo payment leaves $92/mo available for distribution. Annual cash flow reaches $1,099/yr on $44,753 to close, and return on cash invested stands at 22.37% in year one. Equity gained on principal adds $871/yr while 5% annual appreciation supports $37,298 over five years. Portfolio math shows five-year ROI at 116.7% and total cumulative return in cash at $52,225. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $990/mo property income against a $661/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1940
7,405 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 66547, Wamego, KS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,692 (100%) |
| Owner Occupied HU | 2,594 (70.3%) |
| Renter Occupied HU | 899 (24.3%) |
| Vacant Housing Units | 199 ( 5.4%) |
| Median Home Value | $237,823 |
| Average Home Value | $259,343 |
Housing Distribution
Address Breakdown
Residential
3,458
Single Family
3,410
Multi-Family
48
Businesses
262
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Listed by: William Disberger • Crossroads Real Estate & Auction LLC
Mls Name: FHARMLS
Mls Provider:
Mls ID: #20252229
Disclaimer: IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Listing information is deemed reliable, but not guaranteed.