515 S Main St APT 506WichitaKS67202
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
Investment Highlights
Investment property for sale in Wichita at 515 S Main St APT 506, Wichita, KS, 67202 earns from $1,956/mo rent with a $2,789/mo payment. Total monthly income totals $1,956/mo. ROI tracks 8.32% on current figures, and rental yield reads 4.12% at a $569,900 purchase. Equity gained on principal adds $3,677/yr, and 5% annual appreciation supports $157,453 over five years. Five-year ROI reaches 41.25% and total cumulative return in cash sums $77,334. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,956/mo property income instead of your personal income.
Condo
Built in 2007
N/A lot
$N/A/sqft
No 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