116 SW Clay StTopekaKS66606
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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 Topeka at 116 SW Clay St, Topeka, KS, 66606 uses $38,951 cash to close to unlock $1,949/yr annual cash flow and $162/mo monthly cash flow. Total monthly income runs $944/mo, and a $575/mo payment keeps the spread at $162/mo. Purchase price stands at $117,500, and rental yield measures 9.64% with $944/mo rent. Return on cash invested shows 24.91% in year one, and 5% annual appreciation builds toward $32,463 over five years. Five-year ROI reaches 130.35% and total cumulative return in cash records $50,774. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $944/mo property income covering a $575/mo payment rather than investor’s personal income.
Single Family
Built in 1920
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 66606, Topeka, KS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,958 (100%) |
| Owner Occupied HU | 2,592 (43.5%) |
| Renter Occupied HU | 2,661 (44.7%) |
| Vacant Housing Units | 705 (11.8%) |
| Median Home Value | $151,230 |
| Average Home Value | $254,577 |
Housing Distribution
Address Breakdown
Residential
5,591
Single Family
4,558
Multi-Family
1,033
Businesses
310
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Listed by: Melissa Cummings • Genesis, LLC, Realtors
Mls Name: Sunflower AOR
Mls Provider:
Mls ID: #239428
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.