1231 NE Strait AveTopekaKS66616
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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 1231 NE Strait Ave, Topeka, KS, 66616 earns from $990/mo rent with a $729/mo payment. Total monthly income totals $990/mo. ROI tracks 19.88% on current figures, and rental yield reads 7.97% at a $149,000 purchase. Equity gained on principal adds $961/yr, and 5% annual appreciation supports $41,166 over five years. Five-year ROI reaches 103.33% and total cumulative return in cash sums $51,040. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $990/mo property income instead of your personal income.
Single Family
Built in 1930
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 66616, Topeka, KS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,718 (100%) |
| Owner Occupied HU | 1,559 (57.4%) |
| Renter Occupied HU | 900 (33.1%) |
| Vacant Housing Units | 259 ( 9.5%) |
| Median Home Value | $85,202 |
| Average Home Value | $181,657 |
Housing Distribution
Address Breakdown
Residential
2,618
Single Family
2,574
Multi-Family
44
Businesses
84
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Listed by: Patrick Habiger • KW One Legacy Partners, LLC
Mls Name: Sunflower AOR
Mls Provider:
Mls ID: #239560
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.