2227 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
Investment property for sale in Wichita at 2227 E Lockwood St, Wichita, KS, 67216 with 5% annual appreciation on a $133,900 basis while $1,324/mo rent supports operations. Total monthly income totals $1,324/mo and a $655/mo payment preserves $434/mo for cash returns. Annual cash flow comes to $5,203/yr on $44,388 deployed, and return on cash invested reaches 31.63% in year one. Equity gained on principal adds $864/yr, and five-year appreciation sums $36,994 alongside rental yield of 11.87%. Five-year ROI measures 166.32% and total cumulative return in cash totals $73,827.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,324/mo property income versus a $655/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Manufactured
Built in 2001
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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