824 S Red Oaks CirWichitaKS67207
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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 824 S Red Oaks Cir, Wichita, KS, 67207 priced at $264,900 converts $2,014/mo rent into $251/mo cash flow after a $1,297/mo obligation. Total monthly income equals $2,014/mo, and annual cash flow totals $3,015/yr on $87,814 invested. Return on cash invested prints 23.34% in year one, and rental yield reads 9.12% against a $264,900 entry. Equity gained on principal adds $1,709/yr, while 5% annual appreciation compiles into $73,187 by year five. Five-year ROI reaches 121.89% and total cumulative return in cash sums $107,036. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,014/mo property income covering a $1,297/mo payment, not borrower’s personal income.
Single Family
Built in 2002
6,098 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 67207, Wichita, KS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,479 (100%) |
| Owner Occupied HU | 6,310 (46.8%) |
| Renter Occupied HU | 6,108 (45.3%) |
| Vacant Housing Units | 1,061 ( 7.9%) |
| Median Home Value | $222,415 |
| Average Home Value | $251,725 |
Housing Distribution
Address Breakdown
Residential
12,686
Single Family
10,336
Multi-Family
2,350
Businesses
704
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