3623 E Funston StWichitaKS67218
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeThe cash-flow margin at 3623 E Funston St, Wichita, KS, 67218 in Wichita is narrow, $82/mo net on $1,406/mo rent after the $895/mo debt service, but the property operates at break-even-plus, not a loss. At $199,000 with a 8.48% yield, the long-run equity case via 5% appreciation ($54,980 over five years) and $1,833/yr in principal paydown is where the returns accumulate. Ziffy Mortgage's 1.57 DSCR loan requires no W-2s or U.S. credit. Total projected cumulative return: $81,174.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 8.5% | 5.8% |
| Monthly Cash Flow | $82 | $1,240 |
City averages based on Wichita market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,406 |
| Total Monthly Debt Service | $1,245 |
| DSCR Ratio | 1.13x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, 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 1954
6,534 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
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 1954
6,534 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