2317 E Gary StWichitaKS67219
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowStrong cash flow defines 2317 E Gary St, Wichita, KS, 67219 in Wichita: $2,056/mo in rent, $529/mo net, 10.75% gross yield, all on a $229,500 acquisition. The 1.99 coverage ratio comfortably clears Ziffy Mortgage's threshold, enabling foreign-national buyers to close without U.S. credit documentation. Over five years, 5% appreciation adds $63,407 in value, and $2,114/yr in principal paydown steadily builds equity. Projected total cumulative return: $121,562.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 10.8% | 5.8% |
| Monthly Cash Flow | $529 | $1,240 |
City averages based on Wichita market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,056 |
| Total Monthly Debt Service | $1,436 |
| DSCR Ratio | 1.43x |
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 1999
8,276 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 67219, Wichita, KS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,482 (100%) |
| Owner Occupied HU | 3,311 (60.4%) |
| Renter Occupied HU | 1,642 (30.0%) |
| Vacant Housing Units | 529 ( 9.6%) |
| Median Home Value | $170,570 |
| Average Home Value | $198,839 |
Housing Distribution
Address Breakdown
Residential
5,092
Single Family
4,672
Multi-Family
420
Businesses
399
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 1999
8,276 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 67219, Wichita, KS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,482 (100%) |
| Owner Occupied HU | 3,311 (60.4%) |
| Renter Occupied HU | 1,642 (30.0%) |
| Vacant Housing Units | 529 ( 9.6%) |
| Median Home Value | $170,570 |
| Average Home Value | $198,839 |
Housing Distribution
Address Breakdown
Residential
5,092
Single Family
4,672
Multi-Family
420
Businesses
399
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Juvetta Slane • Berkshire Hathaway PenFed Realty
Mls Name: SCKMLS
Mls ID: #644267
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