601 SW Wichita AveSatantaKS67870
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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
Rental property for sale in Satanta at 601 SW Wichita Ave, Satanta, KS, 67870 priced at $279,900 converts $1,889/mo rent into $27/mo cash flow after a $1,370/mo obligation. Total monthly income equals $1,889/mo, and annual cash flow totals $322/yr on $92,787 invested. Return on cash invested prints 20.26% in year one, and rental yield reads 8.1% against a $279,900 entry. Equity gained on principal adds $1,806/yr, while 5% annual appreciation compiles into $77,331 by year five. Five-year ROI reaches 105.31% and total cumulative return in cash sums $97,717. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,889/mo property income covering a $1,370/mo payment, not borrower’s personal income.
Single Family
Built in 1971
0.32 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 67870, Satanta, KS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 622 (100%) |
| Owner Occupied HU | 370 (59.5%) |
| Renter Occupied HU | 155 (24.9%) |
| Vacant Housing Units | 97 (15.6%) |
| Median Home Value | $148,611 |
| Average Home Value | $178,655 |
Housing Distribution
Address Breakdown
Residential
133
Single Family
133
Multi-Family
0
Businesses
60
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Listed by: Janie Welsh • Sasnak Realty
Mls Name: GCMLS, GARD
Mls Provider:
Mls ID: #21513
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.