615 SW 9th StTopekaKS66612
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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 Topeka at 615 SW 9th St, Topeka, KS, 66612 generates $2,009/mo in rent and, after a $706/mo payment, leaves $1,025/mo in cash flow. Total monthly income is $2,009/mo, and annual cash flow is $12,300/yr on $47,835 invested. Return on cash invested sits at 45.62% in year one, and rental yield is 16.71% on a $144,300 entry. Equity gained on principal adds $931/yr, while 5% annual appreciation builds toward $39,867 over five years. Five-year ROI reaches 241.51% and total cumulative return in cash sums $115,528. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,009/mo property income rather than buyer’s personal income.
Single Family
Built in 1940
5,000 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 66612, Topeka, KS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,689 (100%) |
| Owner Occupied HU | 281 (16.6%) |
| Renter Occupied HU | 956 (56.6%) |
| Vacant Housing Units | 452 (26.8%) |
| Median Home Value | $47,667 |
| Average Home Value | $94,840 |
Housing Distribution
Address Breakdown
Residential
1,290
Single Family
526
Multi-Family
764
Businesses
326
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