2238 W Manhattan DrWichitaKS67204
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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 2238 W Manhattan Dr, Wichita, KS, 67204 priced at $204,900 converts $1,856/mo rent into $493/mo cash flow after a $1,003/mo obligation. Total monthly income equals $1,856/mo, and annual cash flow totals $5,913/yr on $67,924 invested. Return on cash invested prints 28.61% in year one, and rental yield reads 10.87% against a $204,900 entry. Equity gained on principal adds $1,322/yr, while 5% annual appreciation compiles into $56,610 by year five. Five-year ROI reaches 150.15% and total cumulative return in cash sums $101,986. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,856/mo property income covering a $1,003/mo payment, not borrower’s personal income.
Single Family
Built in 1957
10,454 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 67204, Wichita, KS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,952 (100%) |
| Owner Occupied HU | 5,680 (63.4%) |
| Renter Occupied HU | 2,621 (29.3%) |
| Vacant Housing Units | 651 ( 7.3%) |
| Median Home Value | $216,459 |
| Average Home Value | $271,279 |
Housing Distribution
Address Breakdown
Residential
8,837
Single Family
8,313
Multi-Family
524
Businesses
333
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