1937 W Rita AveWichitaKS67213
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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 1937 W Rita Ave, Wichita, KS, 67213 generates $1,064/mo in rent and, after a $582/mo payment, leaves $273/mo in cash flow. Total monthly income is $1,064/mo, and annual cash flow is $3,273/yr on $39,449 invested. Return on cash invested sits at 28.21% in year one, and rental yield is 10.73% on a $119,000 entry. Equity gained on principal adds $768/yr, while 5% annual appreciation builds toward $32,878 over five years. Five-year ROI reaches 147.97% and total cumulative return in cash sums $58,373. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,064/mo property income rather than buyer’s personal income.
Single Family
Built in 1958
6,969 sqft 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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Listed by: Isabella Ramirez • Berkshire Hathaway PenFed Realty
Mls Name: SCKMLS
Mls ID: #657023
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