1406-1408 S Lulu AveWichitaKS67211
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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 1406-1408 S Lulu Ave, Wichita, KS, 67211 earns $77/mo cash flow from $1,075/mo rent with a $734/mo payment. Total monthly income totals $1,075/mo, and annual cash flow totals $927/yr on $49,725 capital. ROI tracks 21.77% on current figures, and rental yield reads 8.6% at a $150,000 purchase. Equity gained on principal adds $968/yr, and 5% annual appreciation supports $41,442 over five years. Five-year ROI reaches 113.56% and total cumulative return in cash sums $56,466. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,075/mo property income instead of your personal income.
Multi Family
Built in 1950
N/A 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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