2020 S Palisade AveWichitaKS67213
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
Rental property for sale in Wichita at 2020 S Palisade Ave, Wichita, KS, 67213 priced at $114,900 converts $871/mo rent into $107/mo cash flow after a $562/mo obligation. Total monthly income equals $871/mo, and annual cash flow totals $1,284/yr on $38,089 invested. Return on cash invested prints 23.28% in year one, and rental yield reads 9.1% against a $114,900 entry. Equity gained on principal adds $741/yr, while 5% annual appreciation compiles into $31,745 by year five. Five-year ROI reaches 121.49% and total cumulative return in cash sums $46,274. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $871/mo property income covering a $562/mo payment, not borrower’s personal income.
Single Family
Built in 1926
8,276 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: Huynhnhu Tran • Abode Real Estate
Mls Name: SCKMLS
Mls ID: #648064
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