7077 E Central Ave APT 29WichitaKS67206
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeWhen a property's DSCR clears 1.5x, lenders and investors both pay attention. 7077 E Central Ave APT 29, Wichita, KS, 67206 in Wichita achieves a 1.61 ratio at $184,000: $1,334/mo rent versus $827/mo debt service. Rental yield 8.7%. Ziffy Mortgage's no-W2 DSCR loan is purpose-built for assets like this. The 8.7% yield compounds alongside 5% annual appreciation projecting $50,836 in value. Total projected cumulative return: $50,269.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 8.7% | 5.8% |
| Monthly Cash Flow | $(340) | $1,240 |
City averages based on Wichita market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,334 |
| Total Monthly Debt Service | $1,601 |
| DSCR Ratio | 0.83x |
Ziffy Mortgage typically prefers a DSCR of 1.0+, but in some cases you may qualify with a DSCR below 1. To explore if this deal qualifies for an investment mortgage, 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.
Townhouse
Built in 1968
N/A lot
$N/A/sqft
$5,400 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 67206, Wichita, KS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,838 (100%) |
| Owner Occupied HU | 4,877 (62.2%) |
| Renter Occupied HU | 2,400 (30.6%) |
| Vacant Housing Units | 561 ( 7.2%) |
| Median Home Value | $368,912 |
| Average Home Value | $456,830 |
Housing Distribution
Address Breakdown
Residential
8,189
Single Family
7,033
Multi-Family
1,156
Businesses
884
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
Townhouse
Built in 1968
N/A lot
$N/A/sqft
$5,400 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 67206, Wichita, KS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,838 (100%) |
| Owner Occupied HU | 4,877 (62.2%) |
| Renter Occupied HU | 2,400 (30.6%) |
| Vacant Housing Units | 561 ( 7.2%) |
| Median Home Value | $368,912 |
| Average Home Value | $456,830 |
Housing Distribution
Address Breakdown
Residential
8,189
Single Family
7,033
Multi-Family
1,156
Businesses
884
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Steve Myers • LPT Realty, LLC
Mls Name: SCKMLS
Mls ID: #644604
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. This information is not verified for authenticity or accuracy, is not guaranteed and may not reflect all real estate activity in the market. 1993-2024 South Central Kansas Multiple Listing Service, Inc. All rights reserved.