2341 N Fairview AveWichitaKS67204
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
Investment Highlights
Investment property for sale in Wichita at 2341 N Fairview Ave, Wichita, KS, 67204 uses $45,482 cash to close to unlock $6,477/yr annual cash flow and $540/mo monthly cash flow. Total monthly income runs $1,453/mo, and a $672/mo payment keeps the spread at $540/mo. Purchase price stands at $137,200, and rental yield measures 12.71% with $1,453/mo rent. Return on cash invested shows 34.15% in year one, and 5% annual appreciation builds toward $37,906 over five years. Five-year ROI reaches 179.82% and total cumulative return in cash records $81,787. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,453/mo property income covering a $672/mo payment rather than investor’s personal income.
Single Family
Built in 1900
9,148 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 67204, Wichita, KS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,952 (100%) |
| Owner Occupied HU | 5,680 (63.4%) |
| Renter Occupied HU | 2,621 (29.3%) |
| Vacant Housing Units | 651 ( 7.3%) |
| Median Home Value | $216,459 |
| Average Home Value | $271,279 |
Housing Distribution
Address Breakdown
Residential
8,837
Single Family
8,313
Multi-Family
524
Businesses
333
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices