1138 E 31st St SWichitaKS67216
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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
Investment property for sale in Wichita at 1138 E 31st St S, Wichita, KS, 67216 earns $535/mo cash flow from $1,688/mo rent with a $848/mo payment. Total monthly income totals $1,688/mo, and annual cash flow totals $6,426/yr on $57,416 capital. ROI tracks 31.1% on current figures, and rental yield reads 11.7% at a $173,200 purchase. Equity gained on principal adds $1,118/yr, and 5% annual appreciation supports $47,852 over five years. Five-year ROI reaches 163.51% and total cumulative return in cash sums $93,882. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,688/mo property income instead of your personal income.
Single Family
Built in 1957
6,534 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 67216, Wichita, KS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,019 (100%) |
| Owner Occupied HU | 5,069 (50.6%) |
| Renter Occupied HU | 3,773 (37.7%) |
| Vacant Housing Units | 1,177 (11.7%) |
| Median Home Value | $109,766 |
| Average Home Value | $180,849 |
Housing Distribution
Address Breakdown
Residential
9,354
Single Family
9,235
Multi-Family
119
Businesses
603
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