115 S Rutan Ave UNIT 2CWichitaKS67218
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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 Wichita at 115 S Rutan Ave UNIT 2C, Wichita, KS, 67218 priced at $169,900 pairs $1,452/mo rent with after a $832/mo payment. Total monthly income equals $1,452/mo. Return on cash invested is -5.21% in year one, and rental yield stands at 10.26% on a $169,900 basis. Equity gained on principal adds $1,096/yr, and 5% annual appreciation accumulates to $46,940 by year five. For financing, Ziffy Mortgage’s DSCR program evaluates $1,452/mo property income against a $832/mo payment instead of your W2s, 1099s, or Tax returns.
Townhouse
Built in 1927
N/A lot
$N/A/sqft
$18,000 annually 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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Listed by: Sissy Koury • Berkshire Hathaway PenFed Realty
Mls Name: SCKMLS
Mls ID: #652264
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