812 N Custer AveWichitaKS67203
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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 812 N Custer Ave, Wichita, KS, 67203 priced at $112,500 converts $997/mo rent into $248/mo cash flow after a $551/mo obligation. Total monthly income equals $997/mo, and annual cash flow totals $2,978/yr on $37,294 invested. Return on cash invested prints 27.89% in year one, and rental yield reads 10.63% against a $112,500 entry. Equity gained on principal adds $726/yr, while 5% annual appreciation compiles into $31,082 by year five. Five-year ROI reaches 146.38% and total cumulative return in cash sums $54,592. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $997/mo property income covering a $551/mo payment, not borrower’s personal income.
Single Family
Built in 1948
0.45 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 67203, Wichita, KS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 15,195 (100%) |
| Owner Occupied HU | 6,487 (42.7%) |
| Renter Occupied HU | 7,065 (46.5%) |
| Vacant Housing Units | 1,643 (10.8%) |
| Median Home Value | $156,610 |
| Average Home Value | $207,784 |
Housing Distribution
Address Breakdown
Residential
14,024
Single Family
12,553
Multi-Family
1,471
Businesses
979
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