906 N Olive StWellingtonKS67152
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Nearby investment properties with comparable prices
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
Investment property for sale in Wellington at 906 N Olive St, Wellington, KS, 67152 offers a 9.5% rental yield on a $137,500 purchase with $1,088/mo rent. Total monthly income registers $1,088/mo, and a $673/mo payment leaves $173/mo available for distribution. Annual cash flow reaches $2,079/yr on $45,581 to close, and return on cash invested stands at 24.47% in year one. Equity gained on principal adds $887/yr while 5% annual appreciation supports $37,989 over five years. Portfolio math shows five-year ROI at 127.99% and total cumulative return in cash at $58,337. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,088/mo property income against a $673/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1950
6,534 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: Gayle Atkins • High Point Realty, LLC
Mls Name: SCKMLS
Mls ID: #663730