236 S Parkridge 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
Rental property for sale in Wichita at 236 S Parkridge St, Wichita, KS, 67209 offers $1,801/mo rent that, after a $1,463/mo payment. Total monthly income is $1,801/mo. Return on cash invested measures 17.64% in year one, and rental yield stands at 7.23% at a $299,000 entry. Equity gained on principal adds $1,929/yr while 5% annual appreciation compounds into $82,608 by year five. Five-year ROI records 91.29% and total cumulative return in cash reaches $90,490. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,801/mo property income versus a $1,463/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1981
0.26 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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