460 N Sheridan AveWichitaKS67203
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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 460 N Sheridan Ave, Wichita, KS, 67203 priced at $180,100 converts $1,704/mo rent into $506/mo cash flow after a $882/mo obligation. Total monthly income equals $1,704/mo, and annual cash flow totals $6,076/yr on $59,703 invested. Return on cash invested prints 30.09% in year one, and rental yield reads 11.35% against a $180,100 entry. Equity gained on principal adds $1,162/yr, while 5% annual appreciation compiles into $49,758 by year five. Five-year ROI reaches 158.06% and total cumulative return in cash sums $94,368. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,704/mo property income covering a $882/mo payment, not borrower’s personal income.
Single Family
Built in 1950
6,534 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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