1501 E Berkeley StWichitaKS67216
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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 1501 E Berkeley St, Wichita, KS, 67216 generates $1,195/mo in rent and, after a $668/mo payment, leaves $287/mo in cash flow. Total monthly income is $1,195/mo, and annual cash flow is $3,444/yr on $45,250 invested. Return on cash invested sits at 27.52% in year one, and rental yield is 10.51% on a $136,500 entry. Equity gained on principal adds $881/yr, while 5% annual appreciation builds toward $37,712 over five years. Five-year ROI reaches 144.25% and total cumulative return in cash sums $65,271. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,195/mo property income rather than buyer’s personal income.
Single Family
Built in 1972
7,405 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 67216, Wichita, KS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,019 (100%) |
| Owner Occupied HU | 5,069 (50.6%) |
| Renter Occupied HU | 3,773 (37.7%) |
| Vacant Housing Units | 1,177 (11.7%) |
| Median Home Value | $109,766 |
| Average Home Value | $180,849 |
Housing Distribution
Address Breakdown
Residential
9,354
Single Family
9,235
Multi-Family
119
Businesses
603
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