115 S Rutan Ave #4KWichitaKS67218
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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 Wichita at 115 S Rutan Ave #4K, Wichita, KS, 67218 uses $33,150 cash to close to unlock $386/yr annual cash flow and $32/mo monthly cash flow. Total monthly income runs $697/mo, and a $489/mo payment keeps the spread at $32/mo. Purchase price stands at $100,000, and rental yield measures 8.36% with $697/mo rent. Return on cash invested shows 21.07% in year one, and 5% annual appreciation builds toward $27,628 over five years. Five-year ROI reaches 109.84% and total cumulative return in cash records $36,412. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $697/mo property income covering a $489/mo payment rather than investor’s personal income.
Condo
Built in 1927
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 67218, Wichita, KS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,636 (100%) |
| Owner Occupied HU | 4,451 (41.8%) |
| Renter Occupied HU | 5,080 (47.8%) |
| Vacant Housing Units | 1,105 (10.4%) |
| Median Home Value | $142,980 |
| Average Home Value | $219,594 |
Housing Distribution
Address Breakdown
Residential
10,332
Single Family
9,382
Multi-Family
950
Businesses
435
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