2940 S Bennett AveWichitaKS67217
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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 2940 S Bennett Ave, Wichita, KS, 67217 uses $55,361 cash to close to unlock $4,228/yr annual cash flow and $352/mo monthly cash flow. Total monthly income runs $1,463/mo, and a $817/mo payment keeps the spread at $352/mo. Purchase price stands at $167,000, and rental yield measures 10.51% with $1,463/mo rent. Return on cash invested shows 27.55% in year one, and 5% annual appreciation builds toward $46,139 over five years. Five-year ROI reaches 144.46% and total cumulative return in cash records $79,971. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,463/mo property income covering a $817/mo payment rather than investor’s personal income.
Single Family
Built in 1958
7,840 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 67217, Wichita, KS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,417 (100%) |
| Owner Occupied HU | 7,567 (56.4%) |
| Renter Occupied HU | 4,694 (35.0%) |
| Vacant Housing Units | 1,156 ( 8.6%) |
| Median Home Value | $146,346 |
| Average Home Value | $211,819 |
Housing Distribution
Address Breakdown
Residential
12,751
Single Family
12,042
Multi-Family
709
Businesses
489
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