2649 N Clarence 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
Investment property for sale in Wichita at 2649 N Clarence Ave, Wichita, KS, 67204 uses $79,527 cash to close to unlock $2,858/yr annual cash flow and $238/mo monthly cash flow. Total monthly income runs $1,834/mo, and a $1,174/mo payment keeps the spread at $238/mo. Purchase price stands at $239,900, and rental yield measures 9.17% with $1,834/mo rent. Return on cash invested shows 23.5% in year one, and 5% annual appreciation builds toward $66,280 over five years. Five-year ROI reaches 122.77% and total cumulative return in cash records $97,639. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,834/mo property income covering a $1,174/mo payment rather than investor’s personal income.
Single Family
Built in 1950
0.50 Acres 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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