2404 S Monument StWichitaKS67235
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 2404 S Monument St, Wichita, KS, 67235 offers a 8.56% rental yield on a $379,999 purchase with $2,711/mo rent. Total monthly income registers $2,711/mo, and a $1,860/mo payment leaves $183/mo available for distribution. Annual cash flow reaches $2,194/yr on $125,970 to close, and return on cash invested stands at 21.65% in year one. Equity gained on principal adds $2,452/yr while 5% annual appreciation supports $104,987 over five years. Portfolio math shows five-year ROI at 112.79% and total cumulative return in cash at $142,080. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,711/mo property income against a $1,860/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 2008
10,018 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 67235, Wichita, KS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,511 (100%) |
| Owner Occupied HU | 5,070 (92.0%) |
| Renter Occupied HU | 288 ( 5.2%) |
| Vacant Housing Units | 153 ( 2.8%) |
| Median Home Value | $332,923 |
| Average Home Value | $353,126 |
Housing Distribution
Address Breakdown
Residential
5,797
Single Family
5,760
Multi-Family
37
Businesses
121
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices