734 S Laura AveWichitaKS67211
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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 Wichita at 734 S Laura Ave, Wichita, KS, 67211 priced at $115,000 converts $1,104/mo rent into $339/mo cash flow after a $563/mo obligation. Total monthly income equals $1,104/mo, and annual cash flow totals $4,065/yr on $38,123 invested. Return on cash invested prints 30.57% in year one, and rental yield reads 11.52% against a $115,000 entry. Equity gained on principal adds $742/yr, while 5% annual appreciation compiles into $31,772 by year five. Five-year ROI reaches 160.69% and total cumulative return in cash sums $61,257. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,104/mo property income covering a $563/mo payment, not borrower’s personal income.
Single Family
Built in 1935
6,969 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 67211, Wichita, KS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,754 (100%) |
| Owner Occupied HU | 3,677 (37.7%) |
| Renter Occupied HU | 4,809 (49.3%) |
| Vacant Housing Units | 1,268 (13.0%) |
| Median Home Value | $100,640 |
| Average Home Value | $159,147 |
Housing Distribution
Address Breakdown
Residential
8,843
Single Family
8,547
Multi-Family
296
Businesses
871
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