202 S Mars StWichitaKS67209
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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 Wichita at 202 S Mars St, Wichita, KS, 67209 uses $85,859 cash to close to unlock $5,371/yr annual cash flow and $448/mo monthly cash flow. Total monthly income runs $2,171/mo, and a $1,268/mo payment keeps the spread at $448/mo. Purchase price stands at $259,000, and rental yield measures 10.06% with $2,171/mo rent. Return on cash invested shows 26.16% in year one, and 5% annual appreciation builds toward $71,557 over five years. Five-year ROI reaches 137.02% and total cumulative return in cash records $117,640. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,171/mo property income covering a $1,268/mo payment rather than investor’s personal income.
Single Family
Built in 1985
10,018 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 67209, Wichita, KS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,642 (100%) |
| Owner Occupied HU | 4,050 (71.8%) |
| Renter Occupied HU | 1,324 (23.5%) |
| Vacant Housing Units | 268 ( 4.8%) |
| Median Home Value | $219,859 |
| Average Home Value | $286,814 |
Housing Distribution
Address Breakdown
Residential
5,506
Single Family
5,329
Multi-Family
177
Businesses
815
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