610 N Washington AveWellingtonKS67152
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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 Wellington at 610 N Washington Ave, Wellington, KS, 67152 uses $59,637 cash to close to unlock $2,492/yr annual cash flow and $208/mo monthly cash flow. Total monthly income runs $1,405/mo, and a $881/mo payment keeps the spread at $208/mo. Purchase price stands at $179,900, and rental yield measures 9.37% with $1,405/mo rent. Return on cash invested shows 24.09% in year one, and 5% annual appreciation builds toward $49,703 over five years. Five-year ROI reaches 125.88% and total cumulative return in cash records $75,069. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,405/mo property income covering a $881/mo payment rather than investor’s personal income.
Single Family
Built in 1895
0.30 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 67152, Wellington, KS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,295 (100%) |
| Owner Occupied HU | 2,439 (56.8%) |
| Renter Occupied HU | 1,300 (30.3%) |
| Vacant Housing Units | 556 (12.9%) |
| Median Home Value | $108,918 |
| Average Home Value | $145,253 |
Housing Distribution
Address Breakdown
Residential
3,966
Single Family
3,765
Multi-Family
201
Businesses
447
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Listed by: Pamela Hinman • Berkshire Hathaway PenFed Realty
Mls Name: SCKMLS
Mls ID: #661211