505 SW Clay StTopekaKS66606
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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 505 SW Clay St, Topeka, KS, 66606 uses $38,123 cash to close to unlock $1,629/yr annual cash flow and $136/mo monthly cash flow. Total monthly income runs $901/mo, and a $563/mo payment keeps the spread at $136/mo. Purchase price stands at $115,000, and rental yield measures 9.4% with $901/mo rent. Return on cash invested shows 24.18% in year one, and 5% annual appreciation builds toward $31,772 over five years. Five-year ROI reaches 126.41% and total cumulative return in cash records $48,189. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $901/mo property income covering a $563/mo payment rather than investor’s personal income.
Single Family
Built in 1900
3,484 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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