2315 S Cardington StWichitaKS67209
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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 2315 S Cardington St, Wichita, KS, 67209 listed at $307,000 pairs $2,292/mo rent with a $1,503/mo payment to leave $249/mo cash flow. Total monthly income runs $2,292/mo, and annual cash flow reaches $2,990/yr on $101,771 cash to close. Return on cash invested measures 22.85% in year one, and rental yield registers 8.96% at a $307,000 basis. Equity gained on principal adds $1,981/yr, and annual property appreciation at 5% supports $84,818 by year five. Five-year ROI tracks 119.23% and total cumulative return in cash totals $121,346. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,292/mo property income relative to a $1,503/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1999
0.40 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 67209, Wichita, KS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,642 (100%) |
| Owner Occupied HU | 4,050 (71.8%) |
| Renter Occupied HU | 1,324 (23.5%) |
| Vacant Housing Units | 268 ( 4.8%) |
| Median Home Value | $219,859 |
| Average Home Value | $286,814 |
Housing Distribution
Address Breakdown
Residential
5,506
Single Family
5,329
Multi-Family
177
Businesses
815
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