720 N Stratford LnWichitaKS67206
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 720 N Stratford Ln, Wichita, KS, 67206 offers $1,560/mo rent that, after a $1,948/mo payment. Total monthly income is $1,560/mo. Return on cash invested measures 10.01% in year one, and rental yield stands at 4.7% at a $397,900 entry. Equity gained on principal adds $2,568/yr while 5% annual appreciation compounds into $109,932 by year five. Five-year ROI records 50.41% and total cumulative return in cash reaches $66,496. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,560/mo property income versus a $1,948/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1959
0.29 Acres lot
$N/A/sqft
No 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
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