965 Lucy DrElkhartKS67950
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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
Investment property for sale in Elkhart at 965 Lucy Dr, Elkhart, KS, 67950 uses $46,079 cash to close to unlock $3,787/yr annual cash flow and $316/mo monthly cash flow. Total monthly income runs $1,240/mo, and a $680/mo payment keeps the spread at $316/mo. Purchase price stands at $139,000, and rental yield measures 10.71% with $1,240/mo rent. Return on cash invested shows 28.13% in year one, and 5% annual appreciation builds toward $38,403 over five years. Five-year ROI reaches 147.55% and total cumulative return in cash records $67,988. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,240/mo property income covering a $680/mo payment rather than investor’s personal income.
Single Family
Built in N/A
9,735 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 67950, Elkhart, KS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 971 (100%) |
| Owner Occupied HU | 550 (56.6%) |
| Renter Occupied HU | 229 (23.6%) |
| Vacant Housing Units | 192 (19.8%) |
| Median Home Value | $101,750 |
| Average Home Value | $112,977 |
Housing Distribution
Address Breakdown
Residential
122
Single Family
102
Multi-Family
20
Businesses
107
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