813 SW 2nd StTopekaKS66603
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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 813 SW 2nd St, Topeka, KS, 66603 offers a 9.2% rental yield on a $119,500 purchase with $916/mo rent. Total monthly income registers $916/mo, and a $585/mo payment leaves $121/mo available for distribution. Annual cash flow reaches $1,451/yr on $39,614 to close, and return on cash invested stands at 23.57% in year one. Equity gained on principal adds $771/yr while 5% annual appreciation supports $33,016 over five years. Portfolio math shows five-year ROI at 123.09% and total cumulative return in cash at $48,762. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $916/mo property income against a $585/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1912
4,356 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 66603, Topeka, KS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,182 (100%) |
| Owner Occupied HU | 200 (16.9%) |
| Renter Occupied HU | 581 (49.2%) |
| Vacant Housing Units | 401 (33.9%) |
| Median Home Value | $83,077 |
| Average Home Value | $140,600 |
Housing Distribution
Address Breakdown
Residential
923
Single Family
566
Multi-Family
357
Businesses
476
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