3662 S Howe AveWichitaKS67215
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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 3662 S Howe Ave, Wichita, KS, 67215 listed at $239,900 pairs $1,974/mo rent with a $1,174/mo payment to leave $378/mo cash flow. Total monthly income runs $1,974/mo, and annual cash flow reaches $4,538/yr on $79,527 cash to close. Return on cash invested measures 25.62% in year one, and rental yield registers 9.87% at a $239,900 basis. Equity gained on principal adds $1,548/yr, and annual property appreciation at 5% supports $66,280 by year five. Five-year ROI tracks 134.11% and total cumulative return in cash totals $106,651. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,974/mo property income relative to a $1,174/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1959
0.47 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 67215, Wichita, KS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,546 (100%) |
| Owner Occupied HU | 2,156 (84.7%) |
| Renter Occupied HU | 320 (12.6%) |
| Vacant Housing Units | 70 ( 2.7%) |
| Median Home Value | $249,778 |
| Average Home Value | $302,774 |
Housing Distribution
Address Breakdown
Residential
2,449
Single Family
2,386
Multi-Family
63
Businesses
93
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