214 S Elder 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
Rental property for sale in Wichita at 214 S Elder St, Wichita, KS, 67209 priced at $139,000 converts $1,268/mo rent into $344/mo cash flow after a $680/mo obligation. Total monthly income equals $1,268/mo, and annual cash flow totals $4,123/yr on $46,079 invested. Return on cash invested prints 28.86% in year one, and rental yield reads 10.95% against a $139,000 entry. Equity gained on principal adds $897/yr, while 5% annual appreciation compiles into $38,403 by year five. Five-year ROI reaches 151.46% and total cumulative return in cash sums $69,788. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,268/mo property income covering a $680/mo payment, not borrower’s personal income.
Single Family
Built in 1950
0.44 Acres 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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Listed by: Steve Conway • J.P. Weigand & Sons
Mls Name: SCKMLS
Mls ID: #655057
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