515 S Main St APT 206WichitaKS67202
INVESTMENT ANALYSIS
Investment Verdict
Income-ProducingCapital preservation and steady income define 515 S Main St APT 206, Wichita, KS, 67202 in Wichita. Rental yield 6.4%. The 1.19 coverage passes Ziffy Mortgage's DSCR threshold for non-U.S. residents. Five-year appreciation of $81,779 and $2,726/yr in principal reduction project total return of $68,183.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 6.4% | 5.8% |
| Monthly Cash Flow | $(716) | $1,240 |
City averages based on Wichita market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,578 |
| Total Monthly Debt Service | $2,176 |
| DSCR Ratio | 0.73x |
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.
Townhouse
Built in 2007
N/A lot
$N/A/sqft
$3,900 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 67202, Wichita, KS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,887 (100%) |
| Owner Occupied HU | 63 ( 3.3%) |
| Renter Occupied HU | 1,383 (73.3%) |
| Vacant Housing Units | 441 (23.4%) |
| Median Home Value | $230,357 |
| Average Home Value | $378,294 |
Housing Distribution
Address Breakdown
Residential
2,020
Single Family
770
Multi-Family
1,250
Businesses
1,080
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
Townhouse
Built in 2007
N/A lot
$N/A/sqft
$3,900 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 67202, Wichita, KS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,887 (100%) |
| Owner Occupied HU | 63 ( 3.3%) |
| Renter Occupied HU | 1,383 (73.3%) |
| Vacant Housing Units | 441 (23.4%) |
| Median Home Value | $230,357 |
| Average Home Value | $378,294 |
Housing Distribution
Address Breakdown
Residential
2,020
Single Family
770
Multi-Family
1,250
Businesses
1,080
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Lewjene Schneider • J.P. Weigand & Sons
Mls Name: SCKMLS
Mls ID: #644649
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