2804 N Shefford CirWichitaKS67205
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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 2804 N Shefford Cir, Wichita, KS, 67205 priced at $289,900 converts $2,420/mo rent into $473/mo cash flow after a $1,419/mo obligation. Total monthly income equals $2,420/mo, and annual cash flow totals $5,679/yr on $96,102 invested. Return on cash invested prints 25.82% in year one, and rental yield reads 10.02% against a $289,900 entry. Equity gained on principal adds $1,871/yr, while 5% annual appreciation compiles into $80,094 by year five. Five-year ROI reaches 135.25% and total cumulative return in cash sums $129,981. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,420/mo property income covering a $1,419/mo payment, not borrower’s personal income.
Single Family
Built in 2000
10,454 sqft lot
$N/A/sqft
$216 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 67205, Wichita, KS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,238 (100%) |
| Owner Occupied HU | 6,161 (74.8%) |
| Renter Occupied HU | 1,568 (19.0%) |
| Vacant Housing Units | 509 ( 6.2%) |
| Median Home Value | $329,650 |
| Average Home Value | $376,614 |
Housing Distribution
Address Breakdown
Residential
8,598
Single Family
7,854
Multi-Family
744
Businesses
593
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Listed by: Charissa Bozarth • Reece Nichols South Central Kansas
Mls Name: SCKMLS
Mls ID: #649421
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. This information is not verified for authenticity or accuracy, is not guaranteed and may not reflect all real estate activity in the market. 1993-2024 South Central Kansas Multiple Listing Service, Inc. All rights reserved.