1701 S Millwood StWichitaKS67213
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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 1701 S Millwood St, Wichita, KS, 67213 priced at $152,800 converts $1,215/mo rent into $198/mo cash flow after a $748/mo obligation. Total monthly income equals $1,215/mo, and annual cash flow totals $2,380/yr on $50,653 invested. Return on cash invested prints 24.61% in year one, and rental yield reads 9.54% against a $152,800 entry. Equity gained on principal adds $986/yr, while 5% annual appreciation compiles into $42,216 by year five. Five-year ROI reaches 128.73% and total cumulative return in cash sums $65,205. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,215/mo property income covering a $748/mo payment, not borrower’s personal income.
Single Family
Built in 1920
0.32 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 67213, Wichita, KS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,716 (100%) |
| Owner Occupied HU | 3,638 (37.4%) |
| Renter Occupied HU | 4,906 (50.5%) |
| Vacant Housing Units | 1,172 (12.1%) |
| Median Home Value | $90,766 |
| Average Home Value | $158,321 |
Housing Distribution
Address Breakdown
Residential
9,196
Single Family
8,679
Multi-Family
517
Businesses
948
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