3212-3244 S Victoria Ave #1-9WichitaKS67216
INVESTMENT ANALYSIS
Investment Verdict
Appreciation PlayInvestors who prioritise long-run asset value over immediate income should consider 3212-3244 S Victoria Ave #1-9, Wichita, KS, 67216 in Wichita. Rental yield 0.81%. At $1,925,000 with 0.81% gross yield, current distributions are modest, but the 5% appreciation rate projects $531,842 in new equity by year five, complemented by $17,729/yr in principal paydown. Ziffy Mortgage's DSCR loan (0.15) allows non-U.S. residents to acquire without W-2s or domestic credit.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 0.8% | 5.8% |
| Monthly Cash Flow | $(11,509) | $1,240 |
City averages based on Wichita market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,297 |
| Total Monthly Debt Service | $12,041 |
| DSCR Ratio | 0.11x |
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.
Multi Family
Built in 2023
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 67216, Wichita, KS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,019 (100%) |
| Owner Occupied HU | 5,069 (50.6%) |
| Renter Occupied HU | 3,773 (37.7%) |
| Vacant Housing Units | 1,177 (11.7%) |
| Median Home Value | $109,766 |
| Average Home Value | $180,849 |
Housing Distribution
Address Breakdown
Residential
9,354
Single Family
9,235
Multi-Family
119
Businesses
603
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
Multi Family
Built in 2023
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 67216, Wichita, KS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,019 (100%) |
| Owner Occupied HU | 5,069 (50.6%) |
| Renter Occupied HU | 3,773 (37.7%) |
| Vacant Housing Units | 1,177 (11.7%) |
| Median Home Value | $109,766 |
| Average Home Value | $180,849 |
Housing Distribution
Address Breakdown
Residential
9,354
Single Family
9,235
Multi-Family
119
Businesses
603
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices