1020 NE Chester AveTopekaKS66616
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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 Topeka at 1020 NE Chester Ave, Topeka, KS, 66616 uses $42,266 cash to close to unlock $2,782/yr annual cash flow and $232/mo monthly cash flow. Total monthly income runs $1,080/mo, and a $624/mo payment keeps the spread at $232/mo. Purchase price stands at $127,500, and rental yield measures 10.16% with $1,080/mo rent. Return on cash invested shows 26.49% in year one, and 5% annual appreciation builds toward $35,226 over five years. Five-year ROI reaches 138.74% and total cumulative return in cash records $58,642. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,080/mo property income covering a $624/mo payment rather than investor’s personal income.
Single Family
Built in 1947
6,534 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 66616, Topeka, KS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,718 (100%) |
| Owner Occupied HU | 1,559 (57.4%) |
| Renter Occupied HU | 900 (33.1%) |
| Vacant Housing Units | 259 ( 9.5%) |
| Median Home Value | $85,202 |
| Average Home Value | $181,657 |
Housing Distribution
Address Breakdown
Residential
2,618
Single Family
2,574
Multi-Family
44
Businesses
84
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