609 E 57th St SWichitaKS67216
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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 609 E 57th St S, Wichita, KS, 67216 generates $1,580/mo in rent and, after a $979/mo payment, leaves $249/mo in cash flow. Total monthly income is $1,580/mo, and annual cash flow is $2,992/yr on $66,300 invested. Return on cash invested sits at 24.42% in year one, and rental yield is 9.48% on a $200,000 entry. Equity gained on principal adds $1,291/yr, while 5% annual appreciation builds toward $55,256 over five years. Five-year ROI reaches 127.7% and total cumulative return in cash sums $84,668. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,580/mo property income rather than buyer’s personal income.
Single Family
Built in 1940
0.76 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 67216, Wichita, KS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,019 (100%) |
| Owner Occupied HU | 5,069 (50.6%) |
| Renter Occupied HU | 3,773 (37.7%) |
| Vacant Housing Units | 1,177 (11.7%) |
| Median Home Value | $109,766 |
| Average Home Value | $180,849 |
Housing Distribution
Address Breakdown
Residential
9,354
Single Family
9,235
Multi-Family
119
Businesses
603
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