704 SW Randolph AveTopekaKS66606
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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 704 SW Randolph Ave, Topeka, KS, 66606 priced at $164,000 converts $1,380/mo rent into $289/mo cash flow after a $803/mo obligation. Total monthly income equals $1,380/mo, and annual cash flow totals $3,464/yr on $54,366 invested. Return on cash invested prints 26.28% in year one, and rental yield reads 10.1% against a $164,000 entry. Equity gained on principal adds $1,058/yr, while 5% annual appreciation compiles into $45,310 by year five. Five-year ROI reaches 137.64% and total cumulative return in cash sums $74,829. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,380/mo property income covering a $803/mo payment, not borrower’s personal income.
Single Family
Built in 1946
6,534 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 66606, Topeka, KS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,958 (100%) |
| Owner Occupied HU | 2,592 (43.5%) |
| Renter Occupied HU | 2,661 (44.7%) |
| Vacant Housing Units | 705 (11.8%) |
| Median Home Value | $151,230 |
| Average Home Value | $254,577 |
Housing Distribution
Address Breakdown
Residential
5,591
Single Family
4,558
Multi-Family
1,033
Businesses
310
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