608 N Parkwood LnWichitaKS67208
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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 608 N Parkwood Ln, Wichita, KS, 67208 offers $954/mo rent that, after a $587/mo payment, leaves $156/mo cash flow. Total monthly income is $954/mo, and annual cash flow is $1,872/yr on $39,780 cash. Return on cash invested measures 24.61% in year one, and rental yield stands at 9.54% at a $120,000 entry. Equity gained on principal adds $774/yr while 5% annual appreciation compounds into $33,154 by year five. Five-year ROI records 128.68% and total cumulative return in cash reaches $51,187. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $954/mo property income versus a $587/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1940
6,969 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 67208, Wichita, KS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,068 (100%) |
| Owner Occupied HU | 3,925 (48.6%) |
| Renter Occupied HU | 3,278 (40.6%) |
| Vacant Housing Units | 865 (10.7%) |
| Median Home Value | $241,955 |
| Average Home Value | $305,559 |
Housing Distribution
Address Breakdown
Residential
8,236
Single Family
7,101
Multi-Family
1,135
Businesses
855
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