421 N Glenn StWichitaKS67203
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
Investment Highlights
Rental property for sale in Wichita at 421 N Glenn St, Wichita, KS, 67203 priced at $139,500 converts $1,260/mo rent into $332/mo cash flow after a $683/mo obligation. Total monthly income equals $1,260/mo, and annual cash flow totals $3,981/yr on $46,244 invested. Return on cash invested prints 28.52% in year one, and rental yield reads 10.84% against a $139,500 entry. Equity gained on principal adds $900/yr, while 5% annual appreciation compiles into $38,541 by year five. Five-year ROI reaches 149.64% and total cumulative return in cash sums $69,201. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,260/mo property income covering a $683/mo payment, not borrower’s personal income.
Single Family
Built in 1951
5,662 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 67203, Wichita, KS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 15,195 (100%) |
| Owner Occupied HU | 6,487 (42.7%) |
| Renter Occupied HU | 7,065 (46.5%) |
| Vacant Housing Units | 1,643 (10.8%) |
| Median Home Value | $156,610 |
| Average Home Value | $207,784 |
Housing Distribution
Address Breakdown
Residential
14,024
Single Family
12,553
Multi-Family
1,471
Businesses
979
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Nearby investment properties with comparable prices
Listed by: Nicole Roberts • At Home Wichita Real Estate
Mls Name: SCKMLS
Mls ID: #652345
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