1480 N Clarence AveWichitaKS67203
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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 1480 N Clarence Ave, Wichita, KS, 67203 uses $41,404 cash to close to unlock $6,653/yr annual cash flow and $554/mo monthly cash flow. Total monthly income runs $1,385/mo, and a $611/mo payment keeps the spread at $554/mo. Purchase price stands at $124,900, and rental yield measures 13.31% with $1,385/mo rent. Return on cash invested shows 35.98% in year one, and 5% annual appreciation builds toward $34,508 over five years. Five-year ROI reaches 189.68% and total cumulative return in cash records $78,538. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,385/mo property income covering a $611/mo payment rather than investor’s personal income.
Single Family
Built in 1939
0.29 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 67203, Wichita, KS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 15,195 (100%) |
| Owner Occupied HU | 6,487 (42.7%) |
| Renter Occupied HU | 7,065 (46.5%) |
| Vacant Housing Units | 1,643 (10.8%) |
| Median Home Value | $156,610 |
| Average Home Value | $207,784 |
Housing Distribution
Address Breakdown
Residential
14,024
Single Family
12,553
Multi-Family
1,471
Businesses
979
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Listed by: Trent Gorges • Berkshire Hathaway PenFed Realty
Mls Name: SCKMLS
Mls ID: #657528
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