408 SW Elmwood AveTopekaKS66606
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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 Topeka at 408 SW Elmwood Ave, Topeka, KS, 66606 earns $350/mo cash flow from $1,380/mo rent with a $754/mo payment. Total monthly income totals $1,380/mo, and annual cash flow totals $4,203/yr on $51,051 capital. ROI tracks 28.14% on current figures, and rental yield reads 10.75% at a $154,000 purchase. Equity gained on principal adds $994/yr, and 5% annual appreciation supports $42,547 over five years. Five-year ROI reaches 147.71% and total cumulative return in cash sums $75,410. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,380/mo property income instead of your personal income.
Single Family
Built in 1925
4,356 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 66606, Topeka, KS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,958 (100%) |
| Owner Occupied HU | 2,592 (43.5%) |
| Renter Occupied HU | 2,661 (44.7%) |
| Vacant Housing Units | 705 (11.8%) |
| Median Home Value | $151,230 |
| Average Home Value | $254,577 |
Housing Distribution
Address Breakdown
Residential
5,591
Single Family
4,558
Multi-Family
1,033
Businesses
310
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Listed by: Darin Stephens • Stone & Story RE Group, LLC
Mls Name: Sunflower AOR
Mls Provider:
Mls ID: #240807
Disclaimer: IDX information is provided exclusively for consumers personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the MLS.