415 NE Poplar StTopekaKS66616
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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
Rental property for sale in Topeka at 415 NE Poplar St, Topeka, KS, 66616 priced at $124,900 converts $1,063/mo rent into $232/mo cash flow after a $611/mo obligation. Total monthly income equals $1,063/mo, and annual cash flow totals $2,789/yr on $41,404 invested. Return on cash invested prints 26.64% in year one, and rental yield reads 10.21% against a $124,900 entry. Equity gained on principal adds $806/yr, while 5% annual appreciation compiles into $34,508 by year five. Five-year ROI reaches 139.66% and total cumulative return in cash sums $57,826. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,063/mo property income covering a $611/mo payment, not borrower’s personal income.
Single Family
Built in 1954
6,350 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 66616, Topeka, KS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,718 (100%) |
| Owner Occupied HU | 1,559 (57.4%) |
| Renter Occupied HU | 900 (33.1%) |
| Vacant Housing Units | 259 ( 9.5%) |
| Median Home Value | $85,202 |
| Average Home Value | $181,657 |
Housing Distribution
Address Breakdown
Residential
2,618
Single Family
2,574
Multi-Family
44
Businesses
84
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