2224 E Lockwood StWichitaKS67216
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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 2224 E Lockwood St, Wichita, KS, 67216 priced at $100,000 pairs $797/mo rent with $132/mo cash flow after a $489/mo payment. Total monthly income equals $797/mo, and annual cash flow comes to $1,586/yr on $33,150 invested. Return on cash invested is 24.69% in year one, and rental yield stands at 9.56% on a $100,000 basis. Equity gained on principal adds $645/yr, and 5% annual appreciation accumulates to $27,628 by year five. Five-year ROI measures 129.28% and total cumulative return in cash reaches $42,856. For financing, Ziffy Mortgage’s DSCR program evaluates $797/mo property income against a $489/mo payment instead of your W2s, 1099s, or Tax returns.
Manufactured
Built in 2022
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 67216, Wichita, KS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,019 (100%) |
| Owner Occupied HU | 5,069 (50.6%) |
| Renter Occupied HU | 3,773 (37.7%) |
| Vacant Housing Units | 1,177 (11.7%) |
| Median Home Value | $109,766 |
| Average Home Value | $180,849 |
Housing Distribution
Address Breakdown
Residential
9,354
Single Family
9,235
Multi-Family
119
Businesses
603
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