1114 SW Wayne AveTopekaKS66604
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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 Topeka at 1114 SW Wayne Ave, Topeka, KS, 66604 priced at $159,000 pairs $1,530/mo rent with $437/mo cash flow after a $778/mo payment. Total monthly income equals $1,530/mo, and annual cash flow comes to $5,243/yr on $52,709 invested. Return on cash invested is 29.86% in year one, and rental yield stands at 11.55% on a $159,000 basis. Equity gained on principal adds $1,026/yr, and 5% annual appreciation accumulates to $43,929 by year five. Five-year ROI measures 157.09% and total cumulative return in cash reaches $82,800. For financing, Ziffy Mortgage’s DSCR program evaluates $1,530/mo property income against a $778/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1938
6,500 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 66604, Topeka, KS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,231 (100%) |
| Owner Occupied HU | 5,562 (49.5%) |
| Renter Occupied HU | 4,662 (41.5%) |
| Vacant Housing Units | 1,007 ( 9.0%) |
| Median Home Value | $138,494 |
| Average Home Value | $179,446 |
Housing Distribution
Address Breakdown
Residential
10,842
Single Family
9,500
Multi-Family
1,342
Businesses
1,031
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Listed by: Kylie Edington • KW One Legacy Partners, LLC
Mls Name: Sunflower AOR
Mls Provider:
Mls ID: #236137
Disclaimer: IDX information is provided exclusively for consumers personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the MLS.