507 SE 37th StTopekaKS66605
INVESTMENT ANALYSIS
Investment Verdict
Income-ProducingReliable and efficiently structured, 507 SE 37th St, Topeka, KS, 66605 in Topeka is a conservative rental investment at $179,900. Rental yield 6.8%. A 1.26 coverage ratio meets Ziffy Mortgage's DSCR standard for foreign-national financing. Five-year equity: 5% appreciation adds $49,703; $1,657/yr in principal paydown supplements. Total projected return: $57,214.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 6.8% | 13.0% |
| Monthly Cash Flow | $(177) | $850 |
City averages based on Topeka market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,020 |
| Total Monthly Debt Service | $1,125 |
| DSCR Ratio | 0.91x |
Ziffy Mortgage typically prefers a DSCR of 1.0+, but in some cases you may qualify with a DSCR below 1. To explore if this deal qualifies for an investment mortgage, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 1958
1.12 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 66605, Topeka, KS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,222 (100%) |
| Owner Occupied HU | 4,787 (58.2%) |
| Renter Occupied HU | 2,628 (32.0%) |
| Vacant Housing Units | 807 ( 9.8%) |
| Median Home Value | $179,692 |
| Average Home Value | $199,097 |
Housing Distribution
Address Breakdown
Residential
7,916
Single Family
7,817
Multi-Family
99
Businesses
334
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
Single Family
Built in 1958
1.12 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 66605, Topeka, KS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,222 (100%) |
| Owner Occupied HU | 4,787 (58.2%) |
| Renter Occupied HU | 2,628 (32.0%) |
| Vacant Housing Units | 807 ( 9.8%) |
| Median Home Value | $179,692 |
| Average Home Value | $199,097 |
Housing Distribution
Address Breakdown
Residential
7,916
Single Family
7,817
Multi-Family
99
Businesses
334
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices