6510 E 29th St N APT 503WichitaKS67226
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowTight but positive: 6510 E 29th St N APT 503, Wichita, KS, 67226 in Wichita at $136,000 earns $1,339/mo in rent and nets $101/mo after the $612/mo payment, a 11.82% yield with limited short-term income headroom. The equity story offsets the thin monthly spread: 5% annual appreciation adds $37,574 over five years. Ziffy Mortgage underwrites this on a 2.19 DSCR without U.S. credit history. With $1,253/yr in principal paydown, total projected return reaches $79,771.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 11.8% | 5.8% |
| Monthly Cash Flow | $101 | $1,240 |
City averages based on Wichita market data in our database. Property projections are estimates.
DSCR Rental Loan Qualification
Qualifies using the property's rental income, not your personal income.
- ✓No W-2, pay stubs, or tax returns needed
- ✓Rental income qualifies you
- ✓Built for real estate investors
| Monthly Rental Income | $1,339 |
| Total Monthly Debt Service | $851 |
| DSCR Ratio | 1.57x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Condo
Built in 1985
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 67226, Wichita, KS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,107 (100%) |
| Owner Occupied HU | 5,436 (53.8%) |
| Renter Occupied HU | 4,037 (39.9%) |
| Vacant Housing Units | 634 ( 6.3%) |
| Median Home Value | $319,248 |
| Average Home Value | $345,674 |
Housing Distribution
Address Breakdown
Residential
9,874
Single Family
7,383
Multi-Family
2,491
Businesses
782
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
Condo
Built in 1985
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 67226, Wichita, KS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,107 (100%) |
| Owner Occupied HU | 5,436 (53.8%) |
| Renter Occupied HU | 4,037 (39.9%) |
| Vacant Housing Units | 634 ( 6.3%) |
| Median Home Value | $319,248 |
| Average Home Value | $345,674 |
Housing Distribution
Address Breakdown
Residential
9,874
Single Family
7,383
Multi-Family
2,491
Businesses
782
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices