2906-08 W 55th Cir NWichitaKS67204
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 2906-08 W 55th Cir N, Wichita, KS, 67204 listed at $372,000 pairs $2,500/mo rent with a $1,821/mo payment. Total monthly income runs $2,500/mo. Return on cash invested measures 18.64% in year one, and rental yield registers 8.06% at a $372,000 basis. Equity gained on principal adds $2,400/yr, and annual property appreciation at 5% supports $102,777 by year five. Five-year ROI tracks 97.21% and total cumulative return in cash totals $119,877. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,500/mo property income relative to a $1,821/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Multi Family
Built in 2020
10,454 sqft lot
$N/A/sqft
$1,860 annually 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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Nearby investment properties with comparable prices
Listed by: Alec Davis • J Russell Real Estate
Mls Name: SCKMLS
Mls ID: #636516
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.