3411 E Skinner StWichitaKS67218
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
Investment Highlights
Investment property for sale in Wichita at 3411 E Skinner St, Wichita, KS, 67218 offers a 8.93% rental yield on a $159,900 purchase with $1,190/mo rent. Total monthly income registers $1,190/mo, and a $783/mo payment leaves $126/mo available for distribution. Annual cash flow reaches $1,510/yr on $53,007 to close, and return on cash invested stands at 22.76% in year one. Equity gained on principal adds $1,032/yr while 5% annual appreciation supports $44,177 over five years. Portfolio math shows five-year ROI at 118.75% and total cumulative return in cash at $62,946. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,190/mo property income against a $783/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1940
7,405 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 67218, Wichita, KS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,636 (100%) |
| Owner Occupied HU | 4,451 (41.8%) |
| Renter Occupied HU | 5,080 (47.8%) |
| Vacant Housing Units | 1,105 (10.4%) |
| Median Home Value | $142,980 |
| Average Home Value | $219,594 |
Housing Distribution
Address Breakdown
Residential
10,332
Single Family
9,382
Multi-Family
950
Businesses
435
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Daniel Gutierrez • Keller Williams Hometown Partners
Mls Name: SCKMLS
Mls ID: #649938
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. This information is not verified for authenticity or accuracy, is not guaranteed and may not reflect all real estate activity in the market. 1993-2024 South Central Kansas Multiple Listing Service, Inc. All rights reserved.