614 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
Rental property for sale in Wamego at 614 Locust St, Wamego, KS, 66547 priced at $169,020 converts $1,579/mo rent into $455/mo cash flow after a $827/mo obligation. Total monthly income equals $1,579/mo, and annual cash flow totals $5,458/yr on $56,030 invested. Return on cash invested prints 29.65% in year one, and rental yield reads 11.21% against a $169,020 entry. Equity gained on principal adds $1,091/yr, while 5% annual appreciation compiles into $46,697 by year five. Five-year ROI reaches 155.68% and total cumulative return in cash sums $87,229. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,579/mo property income covering a $827/mo payment, not borrower’s personal income.
Single Family
Built in 1990
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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