1205 N Sheridan AveWichitaKS67203
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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 1205 N Sheridan Ave, Wichita, KS, 67203 priced at $235,000 converts $1,691/mo rent into $128/mo cash flow after a $1,150/mo obligation. Total monthly income equals $1,691/mo, and annual cash flow totals $1,533/yr on $77,903 invested. Return on cash invested prints 21.88% in year one, and rental yield reads 8.63% against a $235,000 entry. Equity gained on principal adds $1,516/yr, while 5% annual appreciation compiles into $64,926 by year five. Five-year ROI reaches 113.99% and total cumulative return in cash sums $88,804. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,691/mo property income covering a $1,150/mo payment, not borrower’s personal income.
Single Family
Built in 2002
0.51 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 67203, Wichita, KS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 15,195 (100%) |
| Owner Occupied HU | 6,487 (42.7%) |
| Renter Occupied HU | 7,065 (46.5%) |
| Vacant Housing Units | 1,643 (10.8%) |
| Median Home Value | $156,610 |
| Average Home Value | $207,784 |
Housing Distribution
Address Breakdown
Residential
14,024
Single Family
12,553
Multi-Family
1,471
Businesses
979
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Listed by: Kim Rhodes • J.P. Weigand & Sons
Mls Name: SCKMLS
Mls ID: #655581
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