242 N Mead Ave #1DWichitaKS67202
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 242 N Mead Ave #1D, Wichita, KS, 67202 offers a 6.19% rental yield on a $575,000 purchase with $2,968/mo rent. 62% in year one. Equity gained on principal adds $3,710/yr while 5% annual appreciation supports $158,862 over five years. Portfolio math shows five-year ROI at 75.07% and total cumulative return in cash at $142,019. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,968/mo property income against a $2,814/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 1915
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 67202, Wichita, KS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,887 (100%) |
| Owner Occupied HU | 63 ( 3.3%) |
| Renter Occupied HU | 1,383 (73.3%) |
| Vacant Housing Units | 441 (23.4%) |
| Median Home Value | $230,357 |
| Average Home Value | $378,294 |
Housing Distribution
Address Breakdown
Residential
2,020
Single Family
770
Multi-Family
1,250
Businesses
1,080
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices