615 NE Freeman AveTopekaKS66616
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Topeka at 615 NE Freeman Ave, Topeka, KS, 66616 with 5% annual appreciation on a $169,900 basis while $990/mo rent supports operations. 91% in year one. Equity gained on principal adds $1,096/yr, and five-year appreciation sums $46,940 alongside rental yield of 6.99%. Five-year ROI measures 87.46% and total cumulative return in cash totals $49,262. Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $990/mo property income versus a $832/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1929
9,375 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 66616, Topeka, KS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,718 (100%) |
| Owner Occupied HU | 1,559 (57.4%) |
| Renter Occupied HU | 900 (33.1%) |
| Vacant Housing Units | 259 ( 9.5%) |
| Median Home Value | $85,202 |
| Average Home Value | $181,657 |
Housing Distribution
Address Breakdown
Residential
2,618
Single Family
2,574
Multi-Family
44
Businesses
84
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices