233 N Poplar AveWichitaKS67214
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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
Rental property for sale in Wichita at 233 N Poplar Ave, Wichita, KS, 67214 offers $1,559/mo rent that, after a $780/mo payment, leaves $499/mo cash flow. Total monthly income is $1,559/mo, and annual cash flow is $5,985/yr on $52,841 cash. Return on cash invested measures 31.23% in year one, and rental yield stands at 11.74% at a $159,400 entry. Equity gained on principal adds $1,029/yr while 5% annual appreciation compounds into $44,039 by year five. Five-year ROI records 164.2% and total cumulative return in cash reaches $86,765. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,559/mo property income versus a $780/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1916
5,227 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 67214, Wichita, KS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,062 (100%) |
| Owner Occupied HU | 2,373 (29.4%) |
| Renter Occupied HU | 3,831 (47.5%) |
| Vacant Housing Units | 1,858 (23.0%) |
| Median Home Value | $81,762 |
| Average Home Value | $145,243 |
Housing Distribution
Address Breakdown
Residential
6,591
Single Family
6,330
Multi-Family
261
Businesses
1,049
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