837 Lexington RdWichitaKS67218
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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 837 Lexington Rd, Wichita, KS, 67218 priced at $124,999 converts $1,080/mo rent into $248/mo cash flow after a $612/mo obligation. Total monthly income equals $1,080/mo, and annual cash flow totals $2,979/yr on $41,437 invested. Return on cash invested prints 27.1% in year one, and rental yield reads 10.37% against a $124,999 entry. Equity gained on principal adds $807/yr, while 5% annual appreciation compiles into $34,535 by year five. Five-year ROI reaches 142.09% and total cumulative return in cash sums $58,877. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,080/mo property income covering a $612/mo payment, not borrower’s personal income.
Single Family
Built in 1950
6,534 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 67218, Wichita, KS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,636 (100%) |
| Owner Occupied HU | 4,451 (41.8%) |
| Renter Occupied HU | 5,080 (47.8%) |
| Vacant Housing Units | 1,105 (10.4%) |
| Median Home Value | $142,980 |
| Average Home Value | $219,594 |
Housing Distribution
Address Breakdown
Residential
10,332
Single Family
9,382
Multi-Family
950
Businesses
435
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