718 S Eastridge StWichitaKS67207
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
Investment Highlights
Rental property for sale in Wichita at 718 S Eastridge St, Wichita, KS, 67207 priced at $120,000 converts $906/mo rent into $108/mo cash flow after a $587/mo obligation. Total monthly income equals $906/mo, and annual cash flow totals $1,296/yr on $39,780 invested. Return on cash invested prints 23.17% in year one, and rental yield reads 9.06% against a $120,000 entry. Equity gained on principal adds $774/yr, while 5% annual appreciation compiles into $33,154 by year five. Five-year ROI reaches 120.92% and total cumulative return in cash sums $48,103. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $906/mo property income covering a $587/mo payment, not borrower’s personal income.
Single Family
Built in 1945
6,534 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 67207, Wichita, KS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,479 (100%) |
| Owner Occupied HU | 6,310 (46.8%) |
| Renter Occupied HU | 6,108 (45.3%) |
| Vacant Housing Units | 1,061 ( 7.9%) |
| Median Home Value | $222,415 |
| Average Home Value | $251,725 |
Housing Distribution
Address Breakdown
Residential
12,686
Single Family
10,336
Multi-Family
2,350
Businesses
704
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices