137 N Spruce StWichitaKS67214
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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 Wichita at 137 N Spruce St, Wichita, KS, 67214 uses $56,355 cash to close to unlock $4,573/yr annual cash flow and $381/mo monthly cash flow. Total monthly income runs $1,512/mo, and a $832/mo payment keeps the spread at $381/mo. Purchase price stands at $170,000, and rental yield measures 10.67% with $1,512/mo rent. Return on cash invested shows 28.02% in year one, and 5% annual appreciation builds toward $46,968 over five years. Five-year ROI reaches 147.05% and total cumulative return in cash records $82,869. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,512/mo property income covering a $832/mo payment rather than investor’s personal income.
Single Family
Built in 1920
6,969 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 67214, Wichita, KS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,062 (100%) |
| Owner Occupied HU | 2,373 (29.4%) |
| Renter Occupied HU | 3,831 (47.5%) |
| Vacant Housing Units | 1,858 (23.0%) |
| Median Home Value | $81,762 |
| Average Home Value | $145,243 |
Housing Distribution
Address Breakdown
Residential
6,591
Single Family
6,330
Multi-Family
261
Businesses
1,049
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