2318 S Market StWichitaKS67211
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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 2318 S Market St, Wichita, KS, 67211 uses $33,150 cash to close to unlock $1,622/yr annual cash flow and $135/mo monthly cash flow. Total monthly income runs $800/mo, and a $489/mo payment keeps the spread at $135/mo. Purchase price stands at $100,000, and rental yield measures 9.6% with $800/mo rent. Return on cash invested shows 24.8% in year one, and 5% annual appreciation builds toward $27,628 over five years. Five-year ROI reaches 129.82% and total cumulative return in cash records $43,036. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $800/mo property income covering a $489/mo payment rather than investor’s personal income.
Single Family
Built in 1948
5,662 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 67211, Wichita, KS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,754 (100%) |
| Owner Occupied HU | 3,677 (37.7%) |
| Renter Occupied HU | 4,809 (49.3%) |
| Vacant Housing Units | 1,268 (13.0%) |
| Median Home Value | $100,640 |
| Average Home Value | $159,147 |
Housing Distribution
Address Breakdown
Residential
8,843
Single Family
8,547
Multi-Family
296
Businesses
871
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