513 S Paula Ave APT DWichitaKS67209
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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
Investment property for sale in Wichita at 513 S Paula Ave APT D, Wichita, KS, 67209 at $115,000 posts ROI 23.71% with $121/mo cash flow from $886/mo rent. Total monthly income equals $886/mo, and annual cash flow records $1,449/yr on $38,123 to close. Return on cash invested measures 23.71% and rental yield reads 9.25% at the current $115,000. Equity gained on principal adds $742/yr, and 5% annual appreciation supports $31,772 by year five. Five-year ROI prints 123.86% and total cumulative return in cash totals $47,217.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $886/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Condo
Built in 1974
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 67209, Wichita, KS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,642 (100%) |
| Owner Occupied HU | 4,050 (71.8%) |
| Renter Occupied HU | 1,324 (23.5%) |
| Vacant Housing Units | 268 ( 4.8%) |
| Median Home Value | $219,859 |
| Average Home Value | $286,814 |
Housing Distribution
Address Breakdown
Residential
5,506
Single Family
5,329
Multi-Family
177
Businesses
815
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