349 N Elder StWichitaKS67212
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 349 N Elder St, Wichita, KS, 67212 listed at $195,900 pairs $1,714/mo rent with a $959/mo payment to leave $411/mo cash flow. Total monthly income runs $1,714/mo, and annual cash flow reaches $4,927/yr on $64,941 cash to close. Return on cash invested measures 27.5% in year one, and rental yield registers 10.5% at a $195,900 basis. Equity gained on principal adds $1,264/yr, and annual property appreciation at 5% supports $54,124 by year five. Five-year ROI tracks 144.16% and total cumulative return in cash totals $93,617. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,714/mo property income relative to a $959/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1946
0.26 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 67212, Wichita, KS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 20,036 (100%) |
| Owner Occupied HU | 11,775 (58.8%) |
| Renter Occupied HU | 7,028 (35.1%) |
| Vacant Housing Units | 1,233 ( 6.2%) |
| Median Home Value | $207,906 |
| Average Home Value | $246,168 |
Housing Distribution
Address Breakdown
Residential
19,384
Single Family
16,581
Multi-Family
2,803
Businesses
750
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices