7220 SW 23rd CtTopekaKS66614
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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 Topeka at 7220 SW 23rd Ct, Topeka, KS, 66614 generates $1,674/mo in rent and, after a $1,148/mo payment, leaves $54/mo in cash flow. Total monthly income is $1,674/mo, and annual cash flow is $644/yr on $77,737 invested. Return on cash invested sits at 20.74% in year one, and rental yield is 8.57% on a $234,500 entry. Equity gained on principal adds $1,513/yr, while 5% annual appreciation builds toward $64,788 over five years. Five-year ROI reaches 108.25% and total cumulative return in cash sums $84,148. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,674/mo property income rather than buyer’s personal income.
Multi Family
Built in 2004
N/A lot
$N/A/sqft
$60 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 66614, Topeka, KS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 15,394 (100%) |
| Owner Occupied HU | 9,154 (59.5%) |
| Renter Occupied HU | 5,299 (34.4%) |
| Vacant Housing Units | 941 ( 6.1%) |
| Median Home Value | $210,701 |
| Average Home Value | $240,842 |
Housing Distribution
Address Breakdown
Residential
14,634
Single Family
12,969
Multi-Family
1,665
Businesses
711
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Listed by: Laine Hash • Genesis, LLC, Realtors
Mls Name: Sunflower AOR
Mls Provider:
Mls ID: #239253
Disclaimer: IDX information is provided exclusively for consumers personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the MLS.