318 SW Elmwood AveTopekaKS66606
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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 Topeka at 318 SW Elmwood Ave, Topeka, KS, 66606 listed at $132,150 pairs $1,016/mo rent with a $647/mo payment to leave $137/mo cash flow. Total monthly income runs $1,016/mo, and annual cash flow reaches $1,640/yr on $43,808 cash to close. Return on cash invested measures 23.65% in year one, and rental yield registers 9.23% at a $132,150 basis. Equity gained on principal adds $853/yr, and annual property appreciation at 5% supports $36,511 by year five. Five-year ROI tracks 123.55% and total cumulative return in cash totals $54,126. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,016/mo property income relative to a $647/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1912
6,765 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 66606, Topeka, KS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,958 (100%) |
| Owner Occupied HU | 2,592 (43.5%) |
| Renter Occupied HU | 2,661 (44.7%) |
| Vacant Housing Units | 705 (11.8%) |
| Median Home Value | $151,230 |
| Average Home Value | $254,577 |
Housing Distribution
Address Breakdown
Residential
5,591
Single Family
4,558
Multi-Family
1,033
Businesses
310
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Listed by: Shannon Engler • RE/MAX EK Real Estate
Mls Name: Sunflower AOR
Mls Provider:
Mls ID: #238358
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.