5061 E Morris St Wichita, KS 67218

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3 beds · 1 bath · 1,278 sq ft · Lot Size: 8,276 sq ft · Single Family Home
Est. Property Value: $161,733

High Demand Long-Term RentalOwned for 5 - 10 YearsOwner Age 55 - 65

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5061 E Morris St is in the 67218 neighborhood of Wichita, KS. It is located in Sedgwick County and ZIP code 67218. This Single Family Home was built in 1950 and is approximately 75 years old. The single family home spans 1278 sq ft with 3 bedrooms and 1 bathroom and sits on a 8276 sq ft lot. According to public records, it was last sold in 2017 for $69,419 and has a tax-assessed value of $92,800, which is $127 per sq ft. Analyze and compare real estate investment strategies for properties like this home at 5061 E Morris St Wichita, KS 67218 with Property Intel by Whitepages.

Investment Potential for 5061 E Morris St

The property has a current estimated value of $161,733, which is 7% below the zip median, based on public records. It last sold on March 17, 2017 for $69.4K. Projected long-term
is $16,200 annually ($1,350 per month) with a 83% occupancy rate.

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Long-Term

Gross Rental
$16,200 per year($1,350 per month)
Net Operating Income
$*****View Net Operating Income
Cap Rate
****%View Cap Rate
Occupancy Rate
83%in 67218 zip code
 
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Owners & Occupancy for 5061 E Morris St

This property is owned by Kimberly Ann Wells. Owner contact information includes 9 phone numbers and 7 email addresses.

Property Owners

OccupationFamily Support Worker, Saint Francis Ministries
Cell Phone(620) ***-****View Cell Phone
Residence***********
Landline(785) 295-4029
Distance from Property**********
Email Address*********@saintfrancisministries.orgView Email
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Property Ownership Information

Purchase DateMarch 17, 2017
Property Tax Amount$1,053 in 2024
Purchase Price$69,419

Occupancy

Current Occupancy*****View Occupancy
Resident 1****************** age 62
Resident 2************ age 29

Property Details for 5061 E Morris St

Property Details

Property Sq Ft

Living Area

1,278 sq ft

18% below market

Lot Size

8,276 sq ft

6% above market

Price Per Sq Ft

Living Area

$127 / sq ft

9% above market

Lot Size Area

$20 / sq ft

11% below market

Property condition, age, exterior, etc. for 5061 E Mor…
Longitude: -97.276344 Latitude: 37.673573 Parcel Number (APN): 127-25-0-23-04-005.00…
Mortgage originated on through lender: Legacy Bk for$*****View Mortgage Details

Recommended Properties in 67218

Discover more single family homes near 5061 E Morris St in Wichita, Kansas. Get property details like ownership length, owner age, and occupancy status to help you find the best real estate opportunities in this neighborhood.

Market Benchmarks

Compare data for 5061 E Morris St in Sedgwick County to the median in the zip code area and surrounding markets, where available.
View zip code benchmarks
Property
State
Difference
$161,733
$209,099
-$47,366 (-23%)
$******
$346,762
-$53,793 (-16%)
YoY Price Change
****%
2.1%
138%
Year Built
1950
1965
-15 years
Living Space
1,278 sq ft
1,509 sq ft
-231 (-15%)
$ Per Living Sq Ft
$127
$131
-$4 (-3%)
Lot Size
8,276 sq ft
10,761 sq ft
-2485 (-23%)
$ Per Lot Sq Ft
$20
$17
$2 (13%)

Net Operating Income
$*****
$14,765
-$2,966 (-20%)
Annual Revenue
$16,200
$22,200
-$6,000 (-27%)
$****
$7,159
-$2,758 (-39%)
Net Operating Income
$*****
$14,765
-$2,966 (-20%)
Cap Rate
****%
7.31%
—
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Home Value Comparison: Property vs. Local and Regional 3-Bed Single Family Home Medians

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