615 Morningside StNorwichKS67118
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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 Norwich at 615 Morningside St, Norwich, KS, 67118 priced at $289,900 pairs $1,786/mo rent with after a $1,419/mo payment. Total monthly income equals $1,786/mo. Return on cash invested is 18.13% in year one, and rental yield stands at 7.39% on a $289,900 basis. Equity gained on principal adds $1,871/yr, and 5% annual appreciation accumulates to $80,094 by year five. Five-year ROI measures 93.92% and total cumulative return in cash reaches $90,261. For financing, Ziffy Mortgage’s DSCR program evaluates $1,786/mo property income against a $1,419/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1996
0.48 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 67118, Norwich, KS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 330 (100%) |
| Owner Occupied HU | 238 (72.1%) |
| Renter Occupied HU | 56 (17.0%) |
| Vacant Housing Units | 36 (10.9%) |
| Median Home Value | $166,667 |
| Average Home Value | $210,378 |
Housing Distribution
Address Breakdown
Residential
272
Single Family
272
Multi-Family
0
Businesses
20
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