6649 N Kerman StWichitaKS67219
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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 6649 N Kerman St, Wichita, KS, 67219 uses $74,256 cash to close to unlock $2,846/yr annual cash flow and $237/mo monthly cash flow. Total monthly income runs $1,727/mo, and a $1,096/mo payment keeps the spread at $237/mo. Purchase price stands at $224,000, and rental yield measures 9.25% with $1,727/mo rent. Return on cash invested shows 23.74% in year one, and 5% annual appreciation builds toward $61,887 over five years. Five-year ROI reaches 124.06% and total cumulative return in cash records $92,119. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,727/mo property income covering a $1,096/mo payment rather than investor’s personal income.
Single Family
Built in 1960
0.27 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 67219, Wichita, KS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,482 (100%) |
| Owner Occupied HU | 3,311 (60.4%) |
| Renter Occupied HU | 1,642 (30.0%) |
| Vacant Housing Units | 529 ( 9.6%) |
| Median Home Value | $170,570 |
| Average Home Value | $198,839 |
Housing Distribution
Address Breakdown
Residential
5,092
Single Family
4,672
Multi-Family
420
Businesses
399
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