5993 Forbes CtWichitaKS67220
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
Rental property for sale in Wichita at 5993 Forbes Ct, Wichita, KS, 67220 priced at $498,000 pairs $2,464/mo rent with after a $2,437/mo payment. Total monthly income equals $2,464/mo. Return on cash invested is 13.74% in year one, and rental yield stands at 5.94% on a $498,000 basis. Equity gained on principal adds $3,214/yr, and 5% annual appreciation accumulates to $137,588 by year five. Five-year ROI measures 70.37% and total cumulative return in cash reaches $116,176. For financing, Ziffy Mortgage’s DSCR program evaluates $2,464/mo property income against a $2,437/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 2024
0.29 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 67220, Wichita, KS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,804 (100%) |
| Owner Occupied HU | 3,650 (53.6%) |
| Renter Occupied HU | 2,740 (40.3%) |
| Vacant Housing Units | 414 ( 6.1%) |
| Median Home Value | $210,316 |
| Average Home Value | $227,263 |
Housing Distribution
Address Breakdown
Residential
6,185
Single Family
5,221
Multi-Family
964
Businesses
205
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Nearby investment properties with comparable prices