710 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 710 Locust St, Wamego, KS, 66547 offers $1,140/mo rent that, after a $635/mo payment, leaves $277/mo cash flow. Total monthly income is $1,140/mo, and annual cash flow is $3,322/yr on $43,012 cash. Return on cash invested measures 27.63% in year one, and rental yield stands at 10.54% at a $129,750 entry. Equity gained on principal adds $837/yr while 5% annual appreciation compounds into $35,848 by year five. Five-year ROI records 144.87% and total cumulative return in cash reaches $62,312. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,140/mo property income versus a $635/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1884
4,356 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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Listed by: Marlene Irvine • Irvine Real Estate Inc.
Mls Name: FHARMLS
Mls Provider:
Mls ID: #20243007
Disclaimer: IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Listing information is deemed reliable, but not guaranteed.