905 Wayne AveLakinKS67860
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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 Lakin at 905 Wayne Ave, Lakin, KS, 67860 generates $2,027/mo in rent and, after a $657/mo payment, leaves $1,109/mo in cash flow. Total monthly income is $2,027/mo, and annual cash flow is $13,304/yr on $44,487 invested. Return on cash invested sits at 49.81% in year one, and rental yield is 18.13% on a $134,200 entry. Equity gained on principal adds $866/yr, while 5% annual appreciation builds toward $37,077 over five years. Five-year ROI reaches 264.08% and total cumulative return in cash sums $117,481. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,027/mo property income rather than buyer’s personal income.
Single Family
Built in 1934
8,276 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 67860, Lakin, KS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,189 (100%) |
| Owner Occupied HU | 779 (65.5%) |
| Renter Occupied HU | 296 (24.9%) |
| Vacant Housing Units | 114 ( 9.6%) |
| Median Home Value | $210,592 |
| Average Home Value | $214,178 |
Housing Distribution
Address Breakdown
Residential
357
Single Family
357
Multi-Family
0
Businesses
131
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