2303 N Flutter LnWichitaKS67228
INVESTMENT ANALYSIS
Investment Verdict
Solid Income2303 N Flutter Ln, Wichita, KS, 67228 in Wichita is a solid income-producing rental, 8.82% gross yield, $2,754/mo rent, $260/mo net cash flow on a $374,900 buy. DSCR 1.63 qualifies the property for Ziffy Mortgage's financing without personal income documentation. Five-year appreciation of $103,578 and $3,453/yr in principal reduction project a total cumulative return of $159,611.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 8.8% | 5.8% |
| Monthly Cash Flow | $260 | $1,240 |
City averages based on Wichita market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,754 |
| Total Monthly Debt Service | $2,345 |
| DSCR Ratio | 1.17x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 2007
0.32 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 67228, Wichita, KS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 790 (100%) |
| Owner Occupied HU | 668 (84.6%) |
| Renter Occupied HU | 86 (10.9%) |
| Vacant Housing Units | 36 ( 4.6%) |
| Median Home Value | $427,703 |
| Average Home Value | $505,685 |
Housing Distribution
Address Breakdown
Residential
822
Single Family
822
Multi-Family
0
Businesses
3
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
Single Family
Built in 2007
0.32 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 67228, Wichita, KS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 790 (100%) |
| Owner Occupied HU | 668 (84.6%) |
| Renter Occupied HU | 86 (10.9%) |
| Vacant Housing Units | 36 ( 4.6%) |
| Median Home Value | $427,703 |
| Average Home Value | $505,685 |
Housing Distribution
Address Breakdown
Residential
822
Single Family
822
Multi-Family
0
Businesses
3
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices