801 NE Wabash AveTopekaKS66616
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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
Investment property for sale in Topeka at 801 NE Wabash Ave, Topeka, KS, 66616 uses $58,013 cash to close to unlock $2,871/yr annual cash flow and $239/mo monthly cash flow. Total monthly income runs $1,404/mo, and a $857/mo payment keeps the spread at $239/mo. Purchase price stands at $175,000, and rental yield measures 9.63% with $1,404/mo rent. Return on cash invested shows 24.86% in year one, and 5% annual appreciation builds toward $48,349 over five years. Five-year ROI reaches 130.06% and total cumulative return in cash records $75,451. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,404/mo property income covering a $857/mo payment rather than investor’s personal income.
Single Family
Built in 1900
8,001 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 66616, Topeka, KS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,718 (100%) |
| Owner Occupied HU | 1,559 (57.4%) |
| Renter Occupied HU | 900 (33.1%) |
| Vacant Housing Units | 259 ( 9.5%) |
| Median Home Value | $85,202 |
| Average Home Value | $181,657 |
Housing Distribution
Address Breakdown
Residential
2,618
Single Family
2,574
Multi-Family
44
Businesses
84
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