603 S Longfellow StWichitaKS67207
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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 Wichita at 603 S Longfellow St, Wichita, KS, 67207 priced at $200,000 converts $1,422/mo rent into $91/mo cash flow after a $979/mo obligation. Total monthly income equals $1,422/mo, and annual cash flow totals $1,096/yr on $66,300 invested. Return on cash invested prints 21.56% in year one, and rental yield reads 8.53% against a $200,000 entry. Equity gained on principal adds $1,291/yr, while 5% annual appreciation compiles into $55,256 by year five. Five-year ROI reaches 112.37% and total cumulative return in cash sums $74,504. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,422/mo property income covering a $979/mo payment, not borrower’s personal income.
Single Family
Built in 1958
7,840 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 67207, Wichita, KS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,479 (100%) |
| Owner Occupied HU | 6,310 (46.8%) |
| Renter Occupied HU | 6,108 (45.3%) |
| Vacant Housing Units | 1,061 ( 7.9%) |
| Median Home Value | $222,415 |
| Average Home Value | $251,725 |
Housing Distribution
Address Breakdown
Residential
12,686
Single Family
10,336
Multi-Family
2,350
Businesses
704
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