609 S Mount Carmel Ave #611WichitaKS67213
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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 609 S Mount Carmel Ave #611, Wichita, KS, 67213 uses $78,731 cash to close to unlock $845/yr annual cash flow and $70/mo monthly cash flow. Total monthly income runs $1,650/mo, and a $1,162/mo payment keeps the spread at $70/mo. Purchase price stands at $237,500, and rental yield measures 8.34% with $1,650/mo rent. Return on cash invested shows 20.98% in year one, and 5% annual appreciation builds toward $65,617 over five years. Five-year ROI reaches 109.23% and total cumulative return in cash records $86,001. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,650/mo property income covering a $1,162/mo payment rather than investor’s personal income.
Multi Family
Built in 2001
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 67213, Wichita, KS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,716 (100%) |
| Owner Occupied HU | 3,638 (37.4%) |
| Renter Occupied HU | 4,906 (50.5%) |
| Vacant Housing Units | 1,172 (12.1%) |
| Median Home Value | $90,766 |
| Average Home Value | $158,321 |
Housing Distribution
Address Breakdown
Residential
9,196
Single Family
8,679
Multi-Family
517
Businesses
948
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