704 Adam DrWamegoKS66547
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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 704 Adam Dr, Wamego, KS, 66547 priced at $306,600 converts $2,165/mo rent into $125/mo cash flow after a $1,501/mo obligation. Total monthly income equals $2,165/mo, and annual cash flow totals $1,499/yr on $101,638 invested. Return on cash invested prints 21.38% in year one, and rental yield reads 8.47% against a $306,600 entry. Equity gained on principal adds $1,978/yr, while 5% annual appreciation compiles into $84,708 by year five. Five-year ROI reaches 111.34% and total cumulative return in cash sums $113,168. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,165/mo property income covering a $1,501/mo payment, not borrower’s personal income.
Single Family
Built in 1978
0.29 Acres 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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