816 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
Rental property for sale in Wellington at 816 N Washington Ave, Wellington, KS, 67152 generates $2,232/mo in rent and, after a $714/mo payment, leaves $1,262/mo in cash flow. Total monthly income is $2,232/mo, and annual cash flow is $15,140/yr on $48,333 invested. Return on cash invested sits at 51.23% in year one, and rental yield is 18.37% on a $145,800 entry. Equity gained on principal adds $941/yr, while 5% annual appreciation builds toward $40,282 over five years. Five-year ROI reaches 271.46% and total cumulative return in cash sums $131,203. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,232/mo property income rather than buyer’s personal income.
Single Family
Built in 1900
5,662 sqft 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: N/A • N/A
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