1015 N Stratford LnWichitaKS67206
Nearby investment properties with comparable rents
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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 Wichita at 1015 N Stratford Ln, Wichita, KS, 67206 generates $2,038/mo in rent and, after a $1,150/mo payment, leaves $475/mo in cash flow. Total monthly income is $2,038/mo, and annual cash flow is $5,697/yr on $77,903 invested. Return on cash invested sits at 27.22% in year one, and rental yield is 10.41% on a $235,000 entry. Equity gained on principal adds $1,516/yr, while 5% annual appreciation builds toward $64,926 over five years. Five-year ROI reaches 142.68% and total cumulative return in cash sums $111,148. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,038/mo property income rather than buyer’s personal income.
Single Family
Built in 1954
0.25 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 67206, Wichita, KS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,838 (100%) |
| Owner Occupied HU | 4,877 (62.2%) |
| Renter Occupied HU | 2,400 (30.6%) |
| Vacant Housing Units | 561 ( 7.2%) |
| Median Home Value | $368,912 |
| Average Home Value | $456,830 |
Housing Distribution
Address Breakdown
Residential
8,189
Single Family
7,033
Multi-Family
1,156
Businesses
884
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Listed by: Lane Mercado • Berkshire Hathaway PenFed Realty
Mls Name: SCKMLS
Mls ID: #656163
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