315 SW 15th StTopekaKS66612
INVESTMENT ANALYSIS
Investment Verdict
Income-ProducingCapital preservation and steady income define 315 SW 15th St, Topeka, KS, 66612 in Topeka. Rental yield 6.58%. The 1.22 coverage passes Ziffy Mortgage's DSCR threshold for non-U.S. residents. Five-year appreciation of $41,995 and $1,400/yr in principal reduction project total return of $46,577.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 6.6% | 13.0% |
| Monthly Cash Flow | $(177) | $850 |
City averages based on Topeka market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $834 |
| Total Monthly Debt Service | $951 |
| DSCR Ratio | 0.88x |
Ziffy Mortgage typically prefers a DSCR of 1.0+, but in some cases you may qualify with a DSCR below 1. To explore if this deal qualifies for an investment mortgage, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 1920
2,500 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 66612, Topeka, KS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,689 (100%) |
| Owner Occupied HU | 281 (16.6%) |
| Renter Occupied HU | 956 (56.6%) |
| Vacant Housing Units | 452 (26.8%) |
| Median Home Value | $47,667 |
| Average Home Value | $94,840 |
Housing Distribution
Address Breakdown
Residential
1,290
Single Family
526
Multi-Family
764
Businesses
326
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
Single Family
Built in 1920
2,500 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 66612, Topeka, KS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,689 (100%) |
| Owner Occupied HU | 281 (16.6%) |
| Renter Occupied HU | 956 (56.6%) |
| Vacant Housing Units | 452 (26.8%) |
| Median Home Value | $47,667 |
| Average Home Value | $94,840 |
Housing Distribution
Address Breakdown
Residential
1,290
Single Family
526
Multi-Family
764
Businesses
326
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Craig Baker • Genesis, LLC, REALTORS
Mls Name: Sunflower AOR
Mls Provider:
Mls ID: #236290
Disclaimer: IDX information is provided exclusively for consumers personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the MLS.