6000 E Memphis StWichitaKS67220
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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 6000 E Memphis St, Wichita, KS, 67220 uses $73,427 cash to close to unlock $6,678/yr annual cash flow and $557/mo monthly cash flow. Total monthly income runs $2,045/mo, and a $1,084/mo payment keeps the spread at $557/mo. Purchase price stands at $221,500, and rental yield measures 11.08% with $2,045/mo rent. Return on cash invested shows 29% in year one, and 5% annual appreciation builds toward $61,196 over five years. Five-year ROI reaches 152.35% and total cumulative return in cash records $111,866. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,045/mo property income covering a $1,084/mo payment rather than investor’s personal income.
Single Family
Built in 1958
8,276 sqft lot
$N/A/sqft
$15 monthly 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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