1556 SW 23rd StTopekaKS66611
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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 Topeka at 1556 SW 23rd St, Topeka, KS, 66611 uses $48,034 cash to close to unlock $1,887/yr annual cash flow and $157/mo monthly cash flow. Total monthly income runs $1,121/mo, and a $709/mo payment keeps the spread at $157/mo. Purchase price stands at $144,900, and rental yield measures 9.28% with $1,121/mo rent. Return on cash invested shows 23.84% in year one, and 5% annual appreciation builds toward $40,033 over five years. Five-year ROI reaches 124.59% and total cumulative return in cash records $59,845. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,121/mo property income covering a $709/mo payment rather than investor’s personal income.
Single Family
Built in 1954
6,534 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 66611, Topeka, KS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,734 (100%) |
| Owner Occupied HU | 2,287 (48.3%) |
| Renter Occupied HU | 1,925 (40.7%) |
| Vacant Housing Units | 522 (11.0%) |
| Median Home Value | $149,519 |
| Average Home Value | $187,884 |
Housing Distribution
Address Breakdown
Residential
4,779
Single Family
3,769
Multi-Family
1,010
Businesses
332
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