420 N Pershing AveWichitaKS67208
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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 Wichita at 420 N Pershing Ave, Wichita, KS, 67208 priced at $315,000 converts $1,943/mo rent into after a $1,542/mo obligation. Total monthly income equals $1,943/mo. Return on cash invested prints 18.15% in year one, and rental yield reads 7.4% against a $315,000 entry. Equity gained on principal adds $2,033/yr, while 5% annual appreciation compiles into $87,029 by year five. Five-year ROI reaches 94.07% and total cumulative return in cash sums $98,225. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,943/mo property income covering a $1,542/mo payment, not borrower’s personal income.
Single Family
Built in 1929
6,969 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 67208, Wichita, KS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,068 (100%) |
| Owner Occupied HU | 3,925 (48.6%) |
| Renter Occupied HU | 3,278 (40.6%) |
| Vacant Housing Units | 865 (10.7%) |
| Median Home Value | $241,955 |
| Average Home Value | $305,559 |
Housing Distribution
Address Breakdown
Residential
8,236
Single Family
7,101
Multi-Family
1,135
Businesses
855
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Listed by: Marsha Huebert • Coldwell Banker Plaza Real Estate
Mls Name: SCKMLS
Mls ID: #653466
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