1031 N Harding AveWichitaKS67208
Nearby investment properties with comparable rents
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
Rental property for sale in Wichita at 1031 N Harding Ave, Wichita, KS, 67208 priced at $185,000 converts $1,657/mo rent into $427/mo cash flow after a $905/mo obligation. Total monthly income equals $1,657/mo, and annual cash flow totals $5,120/yr on $61,328 invested. Return on cash invested prints 28.26% in year one, and rental yield reads 10.75% against a $185,000 entry. Equity gained on principal adds $1,194/yr, while 5% annual appreciation compiles into $51,112 by year five. Five-year ROI reaches 148.22% and total cumulative return in cash sums $90,903. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,657/mo property income covering a $905/mo payment, not borrower’s personal income.
Single Family
Built in 1953
10,018 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 67208, Wichita, KS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,068 (100%) |
| Owner Occupied HU | 3,925 (48.6%) |
| Renter Occupied HU | 3,278 (40.6%) |
| Vacant Housing Units | 865 (10.7%) |
| Median Home Value | $241,955 |
| Average Home Value | $305,559 |
Housing Distribution
Address Breakdown
Residential
8,236
Single Family
7,101
Multi-Family
1,135
Businesses
855
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Listed by: Trivea Nolan • Berkshire Hathaway PenFed Realty
Mls Name: SCKMLS
Mls ID: #652101
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