608 N 1st AveMulvaneKS67110
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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 608 N 1st Ave, Mulvane, KS, 67110 generates $1,327/mo in rent and, after a $857/mo payment, leaves $162/mo in cash flow. Total monthly income is $1,327/mo, and annual cash flow is $1,947/yr on $58,013 invested. Return on cash invested sits at 23.27% in year one, and rental yield is 9.1% on a $175,000 entry. Equity gained on principal adds $1,129/yr, while 5% annual appreciation builds toward $48,349 over five years. Five-year ROI reaches 121.52% and total cumulative return in cash sums $70,495. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,327/mo property income rather than buyer’s personal income.
Single Family
Built in 1960
7,405 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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