3316 N Covington StWichitaKS67205
INVESTMENT ANALYSIS
Investment Verdict
Income-ProducingReliable and efficiently structured, 3316 N Covington St, Wichita, KS, 67205 in Wichita is a conservative rental investment at $499,000. Rental yield 6.49%. A 1.20 coverage ratio meets Ziffy Mortgage's DSCR standard for foreign-national financing. Five-year equity: 5% appreciation adds $137,865; $4,596/yr in principal paydown supplements. Total projected return: $143,003.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 6.5% | 5.8% |
| Monthly Cash Flow | $(741) | $1,240 |
City averages based on Wichita market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,697 |
| Total Monthly Debt Service | $3,240 |
| DSCR Ratio | 0.83x |
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 2014
0.34 Acres lot
$N/A/sqft
$700 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 67205, Wichita, KS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,238 (100%) |
| Owner Occupied HU | 6,161 (74.8%) |
| Renter Occupied HU | 1,568 (19.0%) |
| Vacant Housing Units | 509 ( 6.2%) |
| Median Home Value | $329,650 |
| Average Home Value | $376,614 |
Housing Distribution
Address Breakdown
Residential
8,598
Single Family
7,854
Multi-Family
744
Businesses
593
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 2014
0.34 Acres lot
$N/A/sqft
$700 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 67205, Wichita, KS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,238 (100%) |
| Owner Occupied HU | 6,161 (74.8%) |
| Renter Occupied HU | 1,568 (19.0%) |
| Vacant Housing Units | 509 ( 6.2%) |
| Median Home Value | $329,650 |
| Average Home Value | $376,614 |
Housing Distribution
Address Breakdown
Residential
8,598
Single Family
7,854
Multi-Family
744
Businesses
593
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Todd Davis • J Russell Real Estate
Mls Name: SCKMLS
Mls ID: #653471
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