709 S Kansas AveTopekaKS66603
INVESTMENT ANALYSIS
Investment Verdict
Appreciation PlayMarkets with strong demand fundamentals often produce low-yield, high-appreciation assets. 709 S Kansas Ave, Topeka, KS, 66603 in Topeka fits: $260,000, 4.23% gross yield, and a projected 5% annual appreciation rate adding $71,833 in value within five years. Rental yield 4.23%. The narrow rent-to-debt spread is the trade-off for market growth. Ziffy Mortgage's DSCR loan (0.78) finances non-U.S. buyers without personal income documentation; optimise coverage with a 30–35% down payment. $2,395/yr in principal paydown and $71,833 in appreciation project a total return of $46,761.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 4.2% | 13.0% |
| Monthly Cash Flow | $(1,107) | $850 |
City averages based on Topeka market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $916 |
| Total Monthly Debt Service | $1,626 |
| DSCR Ratio | 0.56x |
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.
Condo
Built in 2008
0.35 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 66603, Topeka, KS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,182 (100%) |
| Owner Occupied HU | 200 (16.9%) |
| Renter Occupied HU | 581 (49.2%) |
| Vacant Housing Units | 401 (33.9%) |
| Median Home Value | $83,077 |
| Average Home Value | $140,600 |
Housing Distribution
Address Breakdown
Residential
923
Single Family
566
Multi-Family
357
Businesses
476
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
Condo
Built in 2008
0.35 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 66603, Topeka, KS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,182 (100%) |
| Owner Occupied HU | 200 (16.9%) |
| Renter Occupied HU | 581 (49.2%) |
| Vacant Housing Units | 401 (33.9%) |
| Median Home Value | $83,077 |
| Average Home Value | $140,600 |
Housing Distribution
Address Breakdown
Residential
923
Single Family
566
Multi-Family
357
Businesses
476
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices