1216 SW College AveTopekaKS66604
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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 1216 SW College Ave, Topeka, KS, 66604 offers a 8.31% rental yield on a $215,000 purchase with $1,489/mo rent. Total monthly income registers $1,489/mo, and a $1,052/mo payment leaves $59/mo available for distribution. Annual cash flow reaches $707/yr on $71,273 to close, and return on cash invested stands at 20.9% in year one. Equity gained on principal adds $1,387/yr while 5% annual appreciation supports $59,401 over five years. Portfolio math shows five-year ROI at 108.77% and total cumulative return in cash at $77,521. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,489/mo property income against a $1,052/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1910
6,098 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 66604, Topeka, KS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,231 (100%) |
| Owner Occupied HU | 5,562 (49.5%) |
| Renter Occupied HU | 4,662 (41.5%) |
| Vacant Housing Units | 1,007 ( 9.0%) |
| Median Home Value | $138,494 |
| Average Home Value | $179,446 |
Housing Distribution
Address Breakdown
Residential
10,842
Single Family
9,500
Multi-Family
1,342
Businesses
1,031
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