706 N Piatt AveWichitaKS67214
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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 706 N Piatt Ave, Wichita, KS, 67214 generates $1,447/mo in rent and, after a $768/mo payment, leaves $403/mo in cash flow. Total monthly income is $1,447/mo, and annual cash flow is $4,835/yr on $52,045 invested. Return on cash invested sits at 29.2% in year one, and rental yield is 11.06% on a $156,999 entry. Equity gained on principal adds $1,013/yr, while 5% annual appreciation builds toward $43,376 over five years. Five-year ROI reaches 153.25% and total cumulative return in cash sums $79,759. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,447/mo property income rather than buyer’s personal income.
Single Family
Built in 1910
6,534 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 67214, Wichita, KS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,062 (100%) |
| Owner Occupied HU | 2,373 (29.4%) |
| Renter Occupied HU | 3,831 (47.5%) |
| Vacant Housing Units | 1,858 (23.0%) |
| Median Home Value | $81,762 |
| Average Home Value | $145,243 |
Housing Distribution
Address Breakdown
Residential
6,591
Single Family
6,330
Multi-Family
261
Businesses
1,049
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