2463 N Coolidge AveWichitaKS67204
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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 2463 N Coolidge Ave, Wichita, KS, 67204 generates $1,506/mo in rent and, after a $905/mo payment, leaves $276/mo in cash flow. Total monthly income is $1,506/mo, and annual cash flow is $3,308/yr on $61,328 invested. Return on cash invested sits at 25.3% in year one, and rental yield is 9.77% on a $185,000 entry. Equity gained on principal adds $1,194/yr, while 5% annual appreciation builds toward $51,112 over five years. Five-year ROI reaches 132.39% and total cumulative return in cash sums $81,195. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,506/mo property income rather than buyer’s personal income.
Single Family
Built in 1954
10,018 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
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