6510 E 29th St N APT 701WichitaKS67226
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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 6510 E 29th St N APT 701, Wichita, KS, 67226 offers a 8.5% rental yield on a $190,000 purchase with $1,346/mo rent. Total monthly income registers $1,346/mo, and a $930/mo payment leaves $82/mo available for distribution. Annual cash flow reaches $983/yr on $62,985 to close, and return on cash invested stands at 21.47% in year one. Equity gained on principal adds $1,226/yr while 5% annual appreciation supports $52,494 over five years. Portfolio math shows five-year ROI at 111.82% and total cumulative return in cash at $70,428. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,346/mo property income against a $930/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
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
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