1405 E Mount Vernon StWichitaKS67211
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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 1405 E Mount Vernon St, Wichita, KS, 67211 priced at $150,000 pairs $1,259/mo rent with $261/mo cash flow after a $734/mo payment. Total monthly income equals $1,259/mo, and annual cash flow comes to $3,135/yr on $49,725 invested. Return on cash invested is 26.21% in year one, and rental yield stands at 10.07% on a $150,000 basis. Equity gained on principal adds $968/yr, and 5% annual appreciation accumulates to $41,442 by year five. Five-year ROI measures 137.35% and total cumulative return in cash reaches $68,298. For financing, Ziffy Mortgage’s DSCR program evaluates $1,259/mo property income against a $734/mo payment instead of your W2s, 1099s, or Tax returns.
Multi Family
Built in 2024
8,276 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 67211, Wichita, KS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,754 (100%) |
| Owner Occupied HU | 3,677 (37.7%) |
| Renter Occupied HU | 4,809 (49.3%) |
| Vacant Housing Units | 1,268 (13.0%) |
| Median Home Value | $100,640 |
| Average Home Value | $159,147 |
Housing Distribution
Address Breakdown
Residential
8,843
Single Family
8,547
Multi-Family
296
Businesses
871
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Listed by: Trent Banister • Banister Real Estate LLC
Mls Name: SCKMLS
Mls ID: #642884
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. This information is not verified for authenticity or accuracy, is not guaranteed and may not reflect all real estate activity in the market. 1993-2024 South Central Kansas Multiple Listing Service, Inc. All rights reserved.