231 N Pine Grove StWichitaKS67212
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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 231 N Pine Grove St, Wichita, KS, 67212 uses $127,594 cash to close to unlock $3,999/yr annual cash flow and $333/mo monthly cash flow. Total monthly income runs $2,894/mo, and a $1,884/mo payment keeps the spread at $333/mo. Purchase price stands at $384,900, and rental yield measures 9.02% with $2,894/mo rent. Return on cash invested shows 23.04% in year one, and 5% annual appreciation builds toward $106,341 over five years. Five-year ROI reaches 120.28% and total cumulative return in cash records $153,471. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,894/mo property income covering a $1,884/mo payment rather than investor’s personal income.
Single Family
Built in 1989
0.27 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 67212, Wichita, KS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 20,036 (100%) |
| Owner Occupied HU | 11,775 (58.8%) |
| Renter Occupied HU | 7,028 (35.1%) |
| Vacant Housing Units | 1,233 ( 6.2%) |
| Median Home Value | $207,906 |
| Average Home Value | $246,168 |
Housing Distribution
Address Breakdown
Residential
19,384
Single Family
16,581
Multi-Family
2,803
Businesses
750
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Listed by: Marti Vo • Nikkel and Associates
Mls Name: Mid Kansas MLS & Prairie Land Realtors
Mls ID: #51602
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.