645 N Cedar Downs CirWichitaKS67235
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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 645 N Cedar Downs Cir, Wichita, KS, 67235 offers $2,275/mo rent that, after a $1,708/mo payment. Total monthly income is $2,275/mo. Return on cash invested measures 19.43% in year one, and rental yield stands at 7.82% at a $348,900 entry. Equity gained on principal adds $2,251/yr while 5% annual appreciation compounds into $96,395 by year five. Five-year ROI records 100.88% and total cumulative return in cash reaches $116,680. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,275/mo property income versus a $1,708/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1999
7,405 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 67235, Wichita, KS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,511 (100%) |
| Owner Occupied HU | 5,070 (92.0%) |
| Renter Occupied HU | 288 ( 5.2%) |
| Vacant Housing Units | 153 ( 2.8%) |
| Median Home Value | $332,923 |
| Average Home Value | $353,126 |
Housing Distribution
Address Breakdown
Residential
5,797
Single Family
5,760
Multi-Family
37
Businesses
121
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