320 N Erie StWichitaKS67214
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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 320 N Erie St, Wichita, KS, 67214 offers a 9.29% rental yield on a $162,000 purchase with $1,254/mo rent. Total monthly income registers $1,254/mo, and a $793/mo payment leaves $176/mo available for distribution. Annual cash flow reaches $2,114/yr on $53,703 to close, and return on cash invested stands at 23.85% in year one. Equity gained on principal adds $1,045/yr while 5% annual appreciation supports $44,758 over five years. Portfolio math shows five-year ROI at 124.63% and total cumulative return in cash at $66,929. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,254/mo property income against a $793/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1920
6,969 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 67214, Wichita, KS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,062 (100%) |
| Owner Occupied HU | 2,373 (29.4%) |
| Renter Occupied HU | 3,831 (47.5%) |
| Vacant Housing Units | 1,858 (23.0%) |
| Median Home Value | $81,762 |
| Average Home Value | $145,243 |
Housing Distribution
Address Breakdown
Residential
6,591
Single Family
6,330
Multi-Family
261
Businesses
1,049
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