507 S Sheridan StWichitaKS67213
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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 507 S Sheridan St, Wichita, KS, 67213 generates $714/mo in rent, after a $587/mo payment. Total monthly income is $714/mo. Return on cash invested sits at 17.38% in year one, and rental yield is 7.14% on a $120,000 entry. Equity gained on principal adds $774/yr, while 5% annual appreciation builds toward $33,154 over five years. Five-year ROI reaches 89.85% and total cumulative return in cash sums $35,743. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $714/mo property income rather than buyer’s personal income.
Single Family
Built in 1940
7,405 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 67213, Wichita, KS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,716 (100%) |
| Owner Occupied HU | 3,638 (37.4%) |
| Renter Occupied HU | 4,906 (50.5%) |
| Vacant Housing Units | 1,172 (12.1%) |
| Median Home Value | $90,766 |
| Average Home Value | $158,321 |
Housing Distribution
Address Breakdown
Residential
9,196
Single Family
8,679
Multi-Family
517
Businesses
948
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