1847 N Richmond AveWichitaKS67203
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 1847 N Richmond Ave, Wichita, KS, 67203 uses $64,974 cash to close to unlock $3,472/yr annual cash flow and $289/mo monthly cash flow. Total monthly income runs $1,593/mo, and a $959/mo payment keeps the spread at $289/mo. Purchase price stands at $196,000, and rental yield measures 9.75% with $1,593/mo rent. Return on cash invested shows 25.25% in year one, and 5% annual appreciation builds toward $54,151 over five years. Five-year ROI reaches 132.15% and total cumulative return in cash records $85,860. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,593/mo property income covering a $959/mo payment rather than investor’s personal income.
Single Family
Built in 1954
0.26 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Gary Livingston • Berkshire Hathaway PenFed Realty
Mls Name: SCKMLS
Mls ID: #654116
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. This information is not verified for authenticity or accuracy, is not guaranteed and may not reflect all real estate activity in the market. 1993-2025 South Central Kansas Multiple Listing Service, Inc. All rights reserved.